Ken Mayland
Ken Mayland
economy economy-and-economics good holy major shows spite weathered
Holy Katrina! The economy weathered two major hurricanes and in spite of that showed accelerated growth. I think what this shows is that fundamentally the economy was and is in really good shape.
course determine employment further information needed neither nor proper report screams shouts stop
This employment report neither screams tighten further nor shouts stop here. More information from other indicators is needed to determine the proper course of policy.
consumers decline indication inevitable month particular retail sales
It is inevitable that we will see a 1% or 1.5% decline in retail sales in an upcoming month as consumers become sated with new vehicles. ... This will not be an indication of any particular vulnerability.
associated below definitely good growth job number track
I think any number below 350,000 is associated with good job growth. I think we are definitely getting back on track for fundamentally good job generation.
capacity good goods grinding increases industrial produce producing
We're grinding out some good increases here. We're producing more than we ever did and our capacity to produce industrial goods has increased.