David Kelly
David Kelly
Late Irish actor who audiences remember for playing Grandpa Joe on Charlie and the Chocolate Factory. He gained additional fame for his roles in Walking Ned, Stardust, Into the West, and The Jigsaw Man.
ProfessionMovie Actor
Date of Birth11 July 1929
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No matter how much gas is or how the stock market is doing, we always seem to do fairly well because of that dream people have. It just seems that that one dream just can't be denied.
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There's clearly a lack of interest in investing while the economy works through these Katrina issues, ... We need to get a clearer sense of when gasoline prices are going to come back to normal. When I talk to retail investors, a lot are frozen by the level of uncertainty those issues create.
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For example, we have all of these wireless carriers with overlapping systems, and that's clearly inefficient, ... Our living standards go up when we eliminate such inefficiencies.
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It's pretty tough if you run a retail business in Manhattan. I'm sure the guys on Fifth Ave will be feeling the pinch because of this to some extent.
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This elevated growth rate in the economy should prevent a replay of the jobless recovery. If we have two strong quarters of growth, then employment will start to show decent gains in the third quarter.
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Reading the minutes carefully, I don't think it really changes my view or the market's view of where the Fed was.
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There's more and more pressure on campground owners to sell to developers. It's getting harder to find a campground close by. The closest campground to Tampa is about 10 miles outside of town.
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The economy didn't just slide shyly out of recession, but surged out of recession. The reason is all the stimulus applied to the economy after Sept. 11. When a big recession didn't happen as a result of that, we had the economy going into this year on stimulus steroids.
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All told, if the government response is swift, and if gasoline prices fall back relatively quickly, the economy should maintain most of the momentum it had.
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The manufacturing sector is so productive that even with a rebound in production and orders, we still have, at best, flat employment. This is encouraging, but manufacturing employment remains a sore point in the American economy.