I think the general message here is that despite the fears about a low savings rate, the consumer continues to hang in there, and that's essentially the only thing that's going to keep the economy on track. Wayne Ayers More Wayne Ayers Quotes 0
It is a genuine shocker... I don't think anyone anticipated a decline of this magnitude. Wayne Ayers More Wayne Ayers Quotes 0
You can't read too much into any one number, but it's a sharp rebound from the lows of October. Given that and a few other things, the bond market's more recent expectation is that the Fed, if it's not finished, is close to being finished. Wayne Ayers More Wayne Ayers Quotes 0
They're acknowledging reality. They're saying, 'We'll do what we have to do if future events warrant,' but I still don't think they plan on doing anything anytime soon. Wayne Ayers More Wayne Ayers Quotes 0
Consider how much of a [spending] boom we had in the '90s. The bad news is that it will take a long while to work through that. We're looking at the first quarter of next year before we see convincing evidence [of a recovery]. Wayne Ayers More Wayne Ayers Quotes 0
Productivity growth helps keep inflation at bay and allows real incomes to grow, but it makes businesses even slower to hire than usual. Wayne Ayers More Wayne Ayers Quotes 0
Inventories are at rock-bottom levels -- even if economic growth slows in the fourth quarter, those inventories will have to be rebuilt, otherwise businesses risk losing business. Wayne Ayers More Wayne Ayers Quotes 0