25 Quotes by Michael Englund

Even with the weakness in the headline number, the rest of the story looks good. June, July, August have all shown strength in retail sales outside of autos.

Not only are these numbers small compared to the economy, they don't reflect actual errors in reporting the sales of actual goods and services, ... WorldCom, for example, wasn't overstating the amount of phone service it provided.

The net effect on the economy is always positive. We have more consumers of energy than producers and the result is that the sector that benefits from low inflation and low interest rates comes out ahead.

The labor market remains solid and economic growth will remain firm into the new year.

In general, the economy is proving to be resilient to energy and gas price pressure. It's on a growth path. Even though oil prices are higher, the fundamentals of the economy are strong. Therefore, we see consumers' savings rate falling and spending up.

The economy will likely continue to prove surprisingly resilient to rising oil prices.

The level of claims remains remarkably lean. The labor market has improved significantly in early 2006. Payroll growth has likely entered a period of overdrive.