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Quotations
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Joshua Feinman Quotes
«The administration is likely to push for more fiscal stimulus, and this makes it a little more clear-cut, because O'Neill had been hesitant about that.»
Author: Joshua Feinman
«Businesses were liquidating inventory last fall at a frenetic pace and adding to weakness in the economy's production. It looks like the rate of inventory liquidation is starting to slow, and a basis is forming from that reduction for a rise in the economy.»
Author: Joshua Feinman
«Did firms have trouble making profits back in the 1950s and 1960s? ... No -- they were used to a low-inflation environment, and the cost side was used to that, and workers' expectations about wages were more attuned to that.»
Author: Joshua Feinman
«We need to keep in mind that this is the time of year when weekly fluctuations can be hard to seasonally adjust. We may need a few more weeks to sort it out. Overall, the readings we've been getting suggest the deterioration in the labor market is slowing down.»
Author: Joshua Feinman
«These numbers were worse than expected. But overall, the labor market is still deteriorating, but not at the rate it was after Sept. 11.»
Author: Joshua Feinman
«As the national economy gets better, California will get better, and some of its problems will be less acute.»
Author: Joshua Feinman
«These data reinforce the notion that, while consumption is going to be slower in the fourth quarter than in the third quarter, it doesn't look like the consumer is raising the white flag and giving up.»
Author: Joshua Feinman
«[Continued claims] did take a big fall, but you have to keep in mind there was a huge run-up the prior week, so overall, continuing claims on a trend basis are still moving up, and I think they're still indicative of a deteriorating labor market.»
Author: Joshua Feinman
«Before the storm struck, (the Fed) thought the economy was on sound footing, ... I don't think that's changed. The only thing Katrina may have done is raise some uncertainty about the near-term outlook.»
Author: Joshua Feinman
«We've been waiting for something like this for a long time. But we need to resist the temptation to put too much weight on any one month's report -- probably the best thing to do is to average out the past few months; that gives a clearer picture.»
Author: Joshua Feinman
