Mark Vitner
Mark Vitner
economic growth income increases job tax virtually wage
We've had very little economic growth, virtually no job growth. The only way you'll get income growth is through wage increases or through tax cuts.
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Consumers are fairly worried about the economy. ... I think the holiday season is going to be ho-hum,
acceptable businesses consumer cooling curb economic falling growth months orders production reason recent risen spending
The No. 1 reason new orders and production are falling is that inventories have risen in recent months as consumer spending has slowed, ... Such a buildup was acceptable when economic growth was accelerating. Now that growth is cooling off, businesses will need to curb stockpiles.
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it's somewhat surprising how resilient the economy has been, despite higher energy prices.
confidence consumer early economic sequence stages uncommon
The two-steps-forward, one-step-back sequence is not at all uncommon for the Consumer Confidence Index during the early stages of an economic recovery.
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They are trying to transform their economy. Georgia is trying to improve its economy.
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I truly believe that they would like to stop at 5 percent, but if we get a really strong number (for economic growth) in the first quarter it may be hard to do that.
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We're going to have plenty of weak economic reports over the coming months. If they respond to every one, they'll get down to zero percent interest rates pretty damn quick.
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We're just now realizing how badly off the economy was in the second quarter, ... The wider trade gap, along with the weakness we saw in the business inventory numbers that came out this week and weaker construction spending, will probably result in a second-quarter revised GDP number that will be zero or even slightly negative. It will be an eye-opening number, but it's no more worrisome than what we've seen.
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All of Florida is doing well. Its economy is outperforming the nation by the largest margin in recent memory. You'd be hard pressed to find a weak area anywhere in the state.
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They rely on a lot of other things. When you look at economy in its totality, virtually everything is stronger than the employment data.
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That tells me not only is the global economy not strengthening, but it's getting weaker.
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Alabama wanted to diversify its economy, and it paid up to do it.
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This is a really good story from an economic standpoint. Manufacturing is clearly gaining momentum.