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...
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.
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.
decent enjoying holiday retail sector shopping
The retail sector is enjoying a decent but unexceptional holiday shopping season.
brakes fed housing leverage limited tap unable
The Fed now has limited leverage over the housing market. It has been unable to tap the brakes on the housing market.
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.
amount attempt chinese fig
This is a fig leaf. It's an attempt by the Chinese to do the least amount possible,
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.
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.
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.