David Kelly
David Kelly
Late Irish actor who audiences remember for playing Grandpa Joe on Charlie and the Chocolate Factory. He gained additional fame for his roles in Walking Ned, Stardust, Into the West, and The Jigsaw Man.
ProfessionMovie Actor
Date of Birth11 July 1929
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For example, we have all of these wireless carriers with overlapping systems, and that's clearly inefficient, ... Our living standards go up when we eliminate such inefficiencies.
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There's clearly a lack of interest in investing while the economy works through these Katrina issues, ... We need to get a clearer sense of when gasoline prices are going to come back to normal. When I talk to retail investors, a lot are frozen by the level of uncertainty those issues create.
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It generally takes a few months after GDP growth such as we saw in the third quarter before that turns into strong growth in employment.
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I fully expect that when the Fed decides to put an end to rate hikes they will give us notice,
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In many cases, people who've been laid off in manufacturing should not look to manufacturing to replace their jobs. It's not going to happen.
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All told, if the government response is swift, and if gasoline prices fall back relatively quickly, the economy should maintain most of the momentum it had.
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We saw companies push up output strongly without increasing labor costs at all. As orders come in, they will have to increase their total employment. Unless economic growth slows very rapidly, the unemployment rate should begin to move down in the next few months.
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What's remarkable is how little the statement changed. The one thing that is important is that the Fed has always, over the past few years, tipped its hand. But they have still not indicated that they are close to ending their tightening.