Ian Morris
Ian Morris
Ian Matthew Morrisis a British historian. He is currently Willard Professor of Classics at Stanford University...
ProfessionTeacher
Date of Birth27 January 1960
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It's a great picture, it reduces unit labor cost growth, which improves the inflation outlook. Awesome.
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It's firing on all cylinders for this particular month.
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The scenes have been pinpointed to within a 24-km radius of where Hitler was stationed in France during the war. He wasn't a great artist but the interest is the man rather than the paintings.
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It seems there was a fairly robust debate about the pros and cons of moving or not,
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In the FOMC statement, the Fed may have little choice but to acknowledge Q4 weakness, but will probably maintain that the first half (of 2006) should be better.
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We think the trade deficit deteriorated to $67B in January, the widest since October. Petroleum imports likely rose by over $1B due to higher prices - up 6.4%. In real terms, imports were probably close to unchanged. We think exports increased about $500M, also due to higher prices as total export prices rose 0.7%. Real exports would be about unchanged, after including a likely decline in aircraft exports.
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This spring home-buying season promises to be like no other before it, because it will be the first time consumers have these incredible tools literally at their fingertips to help them perform their research and ultimately find their next home.
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There is a greater degree of uncertainty, and stability will need to be restored. So that implies that they'll cut rates if they have to restore that stability.
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With unemployment still declining, we may be entering the zone of maximum danger for upside surprises to Fed funds.
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We haven't adopted this scenario, but we are studying what it would mean if this paper is correct. If we adopt this as our baseline forecast, everything changes.