Daniel Jester
Daniel Jester
coming costs expected growth healthy labor rise slowly trend unit
The trend is still for healthy productivity growth between 2% and 2.5%, and unit labor costs are expected to only slowly rise over the coming year.
extremely global growth mounting
The longer-term up-trend in the index is intact. Inventories are extremely lean, global growth is firming and there are mounting unfilled orders.
economy-and-economics obvious sees strong testimony tone
From the tone of his testimony today, it's obvious he sees a pretty strong economy.
business compared correction cycle inflation low momentum normally point rates seeing
Right now, we're seeing upward momentum in long-term rates, especially with new inflation worries. Long-term rates have been so low for so long compared to where they'd normally be in the business cycle -- at some point a correction is necessary.
claims decline great sharp
Today's sharp decline in jobless claims is great news.