Richard Yamarone
Richard Yamarone
creation economy goes job
As the economy goes, so, too, goes job creation.
anytime changing creation job state
I can't see the state of job creation changing for the better anytime soon.
caution coming creation diminished economic entire growth guns job month since stellar stick street trend
We caution investors; one month of stellar job creation does not a trend make. And since the entire Street has diminished economic growth projections for 2005, we have to stick to our guns of slower, not stronger, job creation in coming months.
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It's not all roses in the labor market. I think the worst is behind us, but we're more likely to have flat, or sideways, movements in job creation for the next year, year and a half.
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The big problem now is what does the Fed do with this. How does the Fed take the foot off the brake when you have stellar job creation and signs of increasing inflation?
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There are a number of things weighing heavily on corporate decision making. They're hesitant to go forward with anything above the bare necessity to keep their business profitable.
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We gave back some ground because the data proved that the economic slowdown isn't necessarily a sure thing, ... If consumer confidence remains at near all-time highs, the economy will continue to expand.
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Every piece of economic data we have received over the last six weeks is showing signs of higher inflation that threatens to erode economic growth. The after-shocks of the hurricanes may be longer and deeper than many now believe.
complaints-and-complaining entered passed stage
We've passed the complaining stage and entered the actionable phase.
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The problem, and every Fed official is fully aware of this, is that every recession since 1971 has been preceded by two things: higher oil prices and an increasing federal funds rate.
coming conditions consumers spending storm
With job-market conditions being what they are, I don't see how consumers will be out there spending up a storm in coming months,
winter
We are going to have a winter of discontent.
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We already knew that economic growth in the fourth quarter was depressed. The pace of economic growth in the first quarter may be three times as fast, generating a lot of momentum as we head into the summer.
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Up until now, we haven't seen any backlash to record prices at the pump from consumers, but now the story is changing,