The economy will expand by 3 percent from here on out, and we will have growth in jobs of about 100,000 to 200,000 per month, and that's it. Get used to it.
The economic numbers were nothing less than sweet. The markets were skittish about escalating energy prices, and that never seemed to recede, even though the economy ignored that and ran.
When you put all these little pieces together, you get a bigger drag, and that's what's taking the toll. It's the culmination of all these little things.
If anything is going to trigger an increase in prices down the road, it's $65 a barrel oil.
Forecasting on hopes, rather than what the data says.
That (pulling back on lending) is a lot of what you're seeing now. Then you exacerbate the situation by having skyrocketing energy and health care costs, and you start to see why businesses may not be investing as much as we originally thought they would.
The manufacturing expansion is running out of gas.
It's more important what investors believe, because those people are willing to put their money on the line like that.
I think the tide is turning in favor of the employee or job seeker versus the company.
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