Ed McKelvey
Ed McKelvey
fed growth movements officials rate unused whether
Movements in the unemployment rate will tell Fed officials whether growth is absorbing unused capacity.
debatable short stimulate
It's debatable how much the dividend-tax elimination will stimulate the economy, particularly in the short run.
fiscal good picture worse
The fiscal picture wasn't very good before and it's worse now.
discount employee marketing program seen successful
Seen in this light, ... the employee discount program was an enormously successful marketing coup.
currently fed federal funds growing level margin might percent rate reaches reinforced stop
At the margin they reinforced our growing sense that Fed tightening might stop before the federal funds rate reaches the 5 percent level we are currently forecasting.
effect expecting home prices slowing
If home prices flatten out--and we are expecting that--it has a slowing effect on the economy.
aside borrow careful common common-sense credit defies dollars half hurting investment lots planet private pushing research trillion ultimately year
It defies common sense and lots of careful research to think that the highest-rated credit on the planet can borrow half a trillion dollars a year without pushing aside some private investment and ultimately hurting productivity growth.
continues economic factor hiring support
We see sturdy hiring as a factor that continues to support U.S. economic growth.
certainly collapse companies context deal decline following keeping output particular places pressure price saw whenever
Whenever you have a collapse in a particular output price -- and we certainly saw a lot of that following Asia's decline -- it places a lot of pressure on companies to deal with keeping their revenues up. In that context consolidation isn't a big surprise.