152 Quotes by Mark Vitner
- Author Mark Vitner
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The labor market seems to be improving. It bolsters the case we've been making that the economic slowdown story is a little oversold. Clearly growth is moderating, but we're still likely to see some decent growth the second half of the year.
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Given that it's going to reach such an extended area and that it will be an unusually wet storm, damages are going to be a lot worse than $1 billion. So many homes, apartment buildings and shopping centers have been built in this part of the country that haven't been tested by a big storm. Now we're going to see just how good this construction has been.
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I don't think it's a sure thing they'll tighten in December, even if it is now more likely.
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The labor market seems to be improving, ... It bolsters the case we've been making that the economic slowdown story is a little oversold. Clearly growth is moderating, but we're still likely to see some decent growth the second half of the year.
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If we see an increase in rent we could really see inflation numbers pick up in a meaningful way.
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The Miami economy is the strongest it has been in my memory as a professional economist, which goes back 22 years. International trade is booming. Population growth is strong. And all that growth is creating tremendous demand for services.
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We expect to see weakness in the PPI given the weakness in manufacturing, which is the weakest part of the economy,
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The Fed has to conduct a bit of a high wire act. If rates were to rise quickly that would put part of the economic expansion at risk, particularly residential construction and commercial development.
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What would change this is if we were to see an unanticipated strengthening in the U.S. dollar. We'd see less people coming from Latin America.
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