Peter Morici
Peter Morici
Peter George Morici, Jr. is an American economist and Professor of International Business at the R.H. Smith School of Business at the University of Maryland, College Park. He is a graduate of SUNY Albany in New York State where he received his Ph.D in Economics in 1974. He is a nationally syndicated columnist, with his articles appearing in many publications such as The Washington Times, The Hill, Townhall.com, Newsmax, and several regional newspapers throughout the United States. Morici often appears...
competition educated face highly job market skilled tale
It's really the tale of two cities. For highly educated and highly skilled people, especially those who don't face competition from overseas, the job market is pretty good. For others, it's not so good.
dispel fed growth hold labor markets moderate notions wage wages
This moderate wage growth should dispel any notions the Fed may hold (that) labor markets and spiraling wages could reignite inflation.
case consumer next pulling spending wagon
Consumer spending has been pulling the wagon for a while now. That won't be the case next year.
addition buy cars consumer continue crude expensive german goods korean large numbers oil petroleum products refined
Americans continue to buy Japanese, Korean and German cars in large numbers and more consumer goods from Asia, in addition to more expensive crude oil and refined petroleum products from abroad.
persists starting zone
We're starting to get into the zone where if this persists its problematic,
billion deficit dollar exceeding higher likely mid oil prices push record strong trade
Higher oil prices and a strong dollar will push the trade deficit to new record highs, with the monthly trade deficit likely exceeding $75 billion by mid 2006.
assembly detroit general line start support
But when you find someone working on the assembly line at General Motors is making more than a Detroit policeman, you see that support start to decline.
clear commercial december fell filtered gas gasoline natural prices rise spot
Gasoline prices did rise in January. Spot prices for natural gas fell in December and January, but it is not clear how much of these markdowns filtered through to homeowners and commercial consumers.
agencies bankruptcy clear company either eventually future lose market message money option rating sending serious stock
The rating agencies and stock market are sending a clear message that the company will lose money for the foreseeable future and eventually go bankrupt. Bankruptcy is a serious option either strategically or as an eventuality.
deficits economic ford growth income jobs mediocre outlook personal poorly production record remains trade
The outlook remains poor. Production cutbacks at Ford and GM, mediocre personal income growth and record trade deficits all bode poorly for economic growth and jobs creation.
deficits economic ford growth income jobs mediocre outlook personal poorly production record remains trade
The outlook remains poor, ... Production cutbacks at Ford and GM, mediocre personal income growth and record trade deficits all bode poorly for economic growth and jobs creation.
address announced costs high plant underlying
GM's announced plant closings do little to address the underlying problems. It will be smaller, but its per-unit costs will still be too high to compete.
balance continue expect market share sheets shrink worst
I think the worst is yet to come. I expect their market share to continue to shrink and their balance sheets to become more troubled.
bite higher lower prices starting wind
The higher import prices are starting to bite and the lower import prices are starting to have an effect,' ... I think we can start to wind our way down to about $20 billion.