Nariman Behravesh
Nariman Behravesh
Nariman Behravesh is Chief Economist at the consulting firm IHS Inc. and author of Spin-Free Economics: A No-Nonsense, Nonpartisan Guide to Today's Global Economic Debates. Directing the entire economic forecasting process at IHS, he is responsible for developing the economic outlook and risk analysis for the United States, Europe, Japan, China and other emerging markets. He oversees the work of over 400 professionals, located in North America, Europe, Asia, Latin America, the Middle East and Africa who cover economic, financial...
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There is beginning to be evidence that high energy prices are starting to spill over into the rest of the economy.
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There is no question that the deficit this year will be worse than last year. A number of the improvements in May were temporary.
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With these discounts out there, people who were thinking of buying cars later in the year bought them earlier instead.
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When India was the new trend, companies had a gold-rush mentality. Now companies are taking a more mature, sober attitude.
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Let's be clear -- for the next couple of months the employment numbers are going to look terrible. There's going to be a lot of noise and problems gathering the data, so it's going to be tougher than usual to sift through the tea leaves and really get at the heart of what's going on here.
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Of that 8.9 percent, maybe a third of it was weather-related. The rest of it is underlying trend of weakness in the housing market. You are seeing pervasive signs of weakness.
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There is no question that we are going out in this year with a lot of momentum.