Robert DiClemente
Robert DiClemente
everybody power pricing serious
In the aggregate, if everybody has pricing power, then we have a serious problem.
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It's obvious there's a lot of hand-to-mouth production going on, as businesses are still very wary about undertaking big projects or any sort of new activity for a variety of reasons, some intangible.
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The risk of spillover from the rising trend in energy prices will likely prompt the Fed to head off more lasting damage.
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At each such turning point since 1960, industrial production has risen notably over the succeeding 12 months. This period is unlikely to be an exception.
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It's not just how does the Fed proceed without Greenspan, but what's the man going to do. Every question you ask with respect to the Greenspan Fed has this very unique feature, which is his role and his stature.
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The wealthiest households took the hardest hit from the equity slide over the past two years and had the largest debt exposure. Since these high-income households are in the best position to withstand deterioration in their financial positions, the shocks are likely to have a limited effect on overall consumer spending.
action early equivalent expect generally guides language market next people
People feel generally that we will see some equivalent forward-looking language that guides market expectations to expect action at least into the early part of next year.
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For the Fed, recent developments present an additional challenge because data hint that officials might need to risk an overshoot, moving rates into restrictive territory.
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The gap between rapid growth and subdued employment is a familiar story reflecting a possible 'once in a lifetime' surge in productivity,
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You've got this awkward confluence of a Fed that's getting nearer and nearer to some critical level of rates and an inflation forecast that has been more in doubt or more in play than it has been for some time,