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This quote is just one of 9 total Michael Englund quotes in our collection. Michael Englund is known for saying 'This data will tell us little about the economy going forward.' as well as some of the following quotes.
This data will tell us little about the economy going forward.
In general, the economy is proving to be resilient to energy and gas price pressure. It's on a growth path. Even though oil prices are higher, the fundamentals of the economy are strong. Therefore, we see consumers' savings rate falling and spending up.
The net effect on the economy is always positive. We have more consumers of energy than producers and the result is that the sector that benefits from low inflation and low interest rates comes out ahead.
This quote is just one of 9 total Michael Englund quotes in our collection. Michael Englund is known for saying 'This data will tell us little about the economy going forward.' as well as some of the following quotes.