My Favorite Quotes
Hits 26 to 50 of 134
 Joel Naroff - “The confidence of consumers is going to be related more to the issue of terrorism and war than to anything fundamental, ... If things turn, that'll turn confidence, and that'll stop the downslide very quickly.”
 Joel Naroff - “It is only a matter of time before prices start falling sharply.”
 Joel Naroff - “Katrina will be more of a positive for manufacturing demand as time goes by. There's so much that's needs to be replaced and that demand would never have existed without Katrina.”
 Joel Naroff - “The Fed will not shift its bias. Retail sales numbers for August, which they'll have in hand by the time of the meeting, will be pretty solid, so they will be facing essentially the same thing they've been facing for a while now -- the fundamentals are not that bad, but the stock market is,”
 Joel Naroff - “Manufacturing seems to be accelerating into the potential war situation, and that is a positive signal that this time the recovery will be long-lasting.”
 Joel Naroff - “But inflationary pressures are not going away, so the Fed will likely raise rates tomorrow and on December 13th and early next year,”
 Joel Naroff - “Trade will be restraining growth.”
 Joel Naroff - “The stunning drop in import and export prices in October is the clearest indication that economies around the world, not just in the United States, were hit hard by the Sept. 11 tragedy.”
 Joel Naroff - “We are starting to get early estimates of the impacts of Katrina and they are ugly.”
 Joel Naroff - “Households understand things before businesses do, and unemployment is a lagging indicator for that reason. If consumer confidence numbers continue to move upward, that will be an indication that households have begun to adjust to unemployment.”
 Joel Naroff - “While wages didn't rise exceedingly rapidly, the low (jobless) rate is a warning that labor costs are probably going to increase further.”
 Joel Naroff - “The sharp rise in wages is a two-sided sword.”
 Joel Naroff - “This was a very solid report. The labor market is firming and workers are beginning to see their wages improve.”
 Joel Naroff - “Despite all the layoffs that are occurring, businesses are still moving forward. They're out there looking for workers, and they may be forced to raise the wages just a touch faster.”
 Joel Naroff - “Despite all the layoffs that are occurring, businesses are still moving forward, ... They're out there looking for workers, and they may be forced to raise the wages just a touch faster.”
 Joel Naroff - “Unfortunately, wages grew by less than that pace, which explains why spending has begun to tail off.”
 Joel Naroff - “The sharp rise in wages is a two-sided sword. On the one hand, workers' income is finally starting to increase, and that bodes well for spending. On the other hand, labor costs are on the rise and that implies potentially higher inflation.”
 Joel Naroff - “Businesses are apparently seeing strong enough growth in demand for their goods and services to look for more workers - and businesses are being forced to pay up for them because wages are rising strongly, too. The job market is becoming more and more friendly if you are a worker or looking to become one.”
 Joel Naroff - “What needs to be watched is the wage situation. Was the jump in wages a one-shot wonder or does it portend accelerating labor costs That is the unknown right now.”
 Joel Naroff - “Next week's jobs report will be key to the income data and need to be watched as much for that reason as for the unemployment rate and job growth, ... Another month of weakness in the hours worked and wages data would be worrisome.”
 Joel Naroff - “If the Fed wishes to wait an extra meeting before it raises rates, the inflation data currently give the members free hand to do so.”
 Joel Naroff - “The Fed will remain on inflation watch.”
 Joel Naroff - “This report tells the Fed to watch out.”
 Joel Naroff - “Firms should be experiencing significant easing in cost pressures as the weak commodity prices are adding to the strong productivity gains, which are keeping labor costs down. Now if demand would only pick up a bit, the earnings would go right to the bottom line.”
 Joel Naroff - “Not only is the manufacturing sector back up and running, but investment activity is beginning to pick up as well, ... There are some weak sectors remaining, but they are extremely few and far between.”

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