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Letter "M" » Mickey Levy Quotes
«I'd read it differently. It's hard to question that housing activity is strong -- it is. The question is what's going to happen to the rate of growth, and I think it's going to flatten out.»
«The robust gain in economic output in the fourth quarter will combine with only a modest rise in hours worked to generate another spectacular increase in productivity for the quarter. Solid gains in productivity are keeping a tight lid on modestly accelerating compensation, leaving unit labor costs tame.»
«The way to look at it is that demand is very strong and there is a slight moderation in the rate of growth.»
«There was a decline in aggregate hours worked, but that was offset by an increase in productivity.»
«Clearly, wage increases are tilting upward. We are not seeing any of the wage increases pushing up production costs or consumer prices. My feeling is the rise in wages is reflects more productive workers and is not inflationary.»
«There's no excess demand in the economy and it's really healthy economic expansion.»
«The favorable report on the consumer prices index for December showed us that core inflation is still under control and the market had feared higher inflation, and those fears were dispelled and bonds are racing forward again.»
«We're going to see that number borrowing from construction employment increases in the coming months, but even if you take out the huge increase in construction, you still have healthy gains throughout all the labor markets,»
«The Fed is going to have a tough call. The economy is growing fast, but there is no wage pressure ... There are as many reasons for why (rates) should be on hold as why they should be tightened.»
«Businesses quite simply haven't been able to pass on the higher unit labor costs to consumers, and have the prices stick without losing market share.»