152 Quotes by Mark Vitner
- Author Mark Vitner
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The upward revision results from the slightly lower than previously estimated trade deficit. We've already seen in July data that trade deficit has worsened in the third quarter.
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Many of these changes are long overdue and will bring the pension system in line with today's work force.
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They are trying to transform their economy. Georgia is trying to improve its economy.
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Ocala is much more affordable relative to other parts of the state.
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If we had an anti-business Congress that went after pension reform aggressively, it could have a devastating impact on Wall Street.
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They would like to raise rates, but right now, keeping rates a little too low would cause the least harm in the economy. If they raise rates after this weak employment report, people will be hollering. George Bush would be hollering the loudest.
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If this kind of strength follows through to other reports, it will become very difficult for the Fed to leave rates unchanged when they meet on Aug. 22nd,
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So even if tomorrow's ISM report does not show anywhere near the weakness the Chicago report does, we could still see some follow through in the next month's numbers.
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I don't have any faith that 32,000 jobs added reflects what's going on. The growing disconnect between the surveys is too much to dismiss.
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