29 Quotes by Peter Morici

Americans continue to buy Japanese, Korean and German cars in large numbers and more consumer goods from Asia, in addition to more expensive crude oil and refined petroleum products from abroad.

This moderate wage growth should dispel any notions the Fed may hold (that) labor markets and spiraling wages could reignite inflation.

It's really the tale of two cities. For highly educated and highly skilled people, especially those who don't face competition from overseas, the job market is pretty good. For others, it's not so good.

Consumer spending has been pulling the wagon for a while now. That won't be the case next year.

The retail sector is enjoying a decent but unexceptional holiday shopping season.

The Fed now has limited leverage over the housing market. It has been unable to tap the brakes on the housing market.

Higher oil prices and a strong dollar will push the trade deficit to new record highs, with the monthly trade deficit likely exceeding $75 billion by mid 2006.

But when you find someone working on the assembly line at General Motors is making more than a Detroit policeman, you see that support start to decline.

Gasoline prices did rise in January. Spot prices for natural gas fell in December and January, but it is not clear how much of these markdowns filtered through to homeowners and commercial consumers.