“All todays data tell you the business sector is becoming more engaged and consumers are handing the baton over to the business sector, making it highly likely that the recovery will turn into a fully sustainable expansion. In fact, chances are it already is.”
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“Theres been continued resilience among consumers. And manufacturers are having to produce things to meet that demand.”
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“Away from autos, the economy is growing at a steady, lackluster pace. Its just kind of slow and steady and not very exciting.”
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“When you look at the two numbers together, overall orders are up about 4.2 percent, or 2.1 percent per month. Thats not a stellar performance, but [its] also much better than the market thought.”
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“This says businesses are gradually, grudgingly putting money to work. Theyre still being cautious, but not as cautious as the data before this morning would have suggested.”
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“Were going to get some weak numbers. The ISM report is going to be weak and that were in store for a labor report thats weaker than what weve seen over the past four or five months.”
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“The economy has clearly downshifted in the fourth quarter from its third-quarter pace,”
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“The economy has clearly downshifted in the fourth quarter from its third-quarter pace.”
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