Mark Vitner
Mark Vitner
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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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Overall this year the economy moved past the bursting of the stock market bubble. Tech companies finally started growing again and that's really benefited the Triangle.
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The labor market seems to be improving. It bolsters the case we've been making that the economic slowdown story is a little oversold. Clearly growth is moderating, but we're still likely to see some decent growth the second half of the year.
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The labor market seems to be improving, ... It bolsters the case we've been making that the economic slowdown story is a little oversold. Clearly growth is moderating, but we're still likely to see some decent growth the second half of the year.
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The Miami economy is the strongest it has been in my memory as a professional economist, which goes back 22 years. International trade is booming. Population growth is strong. And all that growth is creating tremendous demand for services.
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The Fed has to conduct a bit of a high wire act. If rates were to rise quickly that would put part of the economic expansion at risk, particularly residential construction and commercial development.
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(The Fed) would rather see slower economic growth over the next two years than the return of stagflation three or four years down the road. And I think they'll do everything they have to make sure we don't have stagflation.
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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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Consumers are fairly worried about the economy. ... I think the holiday season is going to be ho-hum,
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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.
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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.