37 Quotes by Richard DeKaser
- Author Richard DeKaser
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It's early in the game, but based on what we have seen, this is beginning to play out as a soft landing.
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It's a very solid quarter. The fundamental of the economy is extremely robust, which doesn't exclude the effects of the hurricanes.
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Consumers continue to persevere in a difficult environment in light of high oil prices,
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It's still a welcome number. It showed sustained labor conditions outside of the areas impacted by the two hurricanes.
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Taking it at face value, the hurricane played a big role in contributing to the weakness. Consumer spending was abysmal in October and November. It's an extremely weak report overall.
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This is a very favorable report. In the context of what we've seen in the recent past, the Fed is right to say that inflation has been quiescent. It gives them more latitude to forestall an inevitable rate hike.
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If you go outside of autos, manufacturing still looks quite healthy. There is a need for inventory rebuilding in addition to the strength in final demand.
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If you go back just 90 days, there were credible assertions of $100-a-barrel oil. No one is talking about that anymore.
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These areas are at an especially high risk of future price corrections,
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