Mark Vitner
Mark Vitner
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The 10 million jobs may be realistic, but it may not be all that different from what we would see no matter what happens. We're looking for 3 million jobs to be created in 2004. Even if Kerry is elected, he'll have no bearing on the economy until 2006.
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It either means the economy is losing momentum or the (Bureau of Labor Statistics) is losing touch what's actually happening in the economy. Right now I don't know what side to come down on. My sense is that job growth has been stronger than reported.
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We're shifting from an economy driven by consumer spending and home building to one driven by business investment.
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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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it's somewhat surprising how resilient the economy has been, despite higher energy prices.
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They are trying to transform their economy. Georgia is trying to improve its economy.
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It really depends on when you get the flat curve. Right now with the low rates, I don't see dire implications from a flattening yield curve. It just is accurately indicating that the economy is slowly or moderating.
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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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It confirms that this recession in 2001 was not particularly mild or as short as some folks had thought, ... We were expecting at least two negative quarters, and the fact we had three is a little bit of a surprise. That helps explain why we're having so much difficulty generating some positive momentum right now. The economy was weaker than we had thought.
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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 another affirmation that we've gotten over the shock of the hurricanes and the economy is back on track to where it was before.