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...
consumers expect imported movement percent prices
I don't expect consumers here will really see a 10 percent movement on the prices of imported goods, ... But for exporters, that 10 percent is very real.
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.
borrow bubble bursts consumers cut equity housing mortgage percent pierce prices rates spending watch
As long as housing prices don't go down, consumers have more equity they can borrow against. If mortgage rates go up another 1.25 or 1.5 percent and pierce 7 percent -- watch out. That's when the housing bubble bursts and consumers would cut back on spending a lot.
consumer economy energy except gasoline growth modest outside price settling tame volatile
The economy is settling into modest growth and tame inflation, outside the volatile energy sector. Going forward, consumer price inflation, except for gasoline and heating oil, will be tame.
benefit bit costs excessive factory labor less lower north pays
Even in North America, (Toyota's) factory labor costs are lower because it pays a bit less for labor and is not encumbered by excessive benefit costs.
apparent becoming capable interested job wind
As the negotiations wind down, it is becoming apparent that the E.U. isn't interested or, at least politically, not capable of getting the job done,
capacity currently gm
As things currently stand, GM has too many brands, workers, managers, capacity and bureaucracy.
point stop
At some point the telecommunications (sector) has to stop shrinking.
likely months situation worse
This situation is likely to become worse in the months ahead.
arrest fix none problems
None of this will fix GM's systemic problems or arrest its long-term decline.
bond mortgage question rate rates
Mortgage rates are going to go up, the long bond rate is going to go up. The only question is what is the precipitating event.
clear costs design ford japanese labor lacking lacks line offer plan quality statement vehicles
The plan lacks a clear statement of how Ford is going to get its labor and design costs in line with its Japanese competitors. Lacking that, Ford will not be able to offer vehicles that are competitive in price, quality and content.
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.