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...
currency deficits next start three
I think the way out of these deficits is that the U.S. currency will start to come down over the next two to three years.
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Natural gas prices are going to go through the roof in the next couple of months, and that is going to hurt a lot of families.
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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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Because the economy is strong and job growth is strong, the consumer has not felt much pain, but that is likely to change in the next few months, ... I think we are headed for a period of economic weakness mostly related to the oil situation.
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The industrial production numbers in the next two months will look pretty awful as the full impact of the hurricane-related shutdowns shows up in the data.
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Record-high profits, combined with solid economic growth and rising capacity utilization will translate into robust capital spending - all good news for the industrial sectors of the economy.
energy prices rest spill
Record-high energy prices did not spill over into the rest of the economy.
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It is encouraging that core inflation in 2005 was no higher than the year before even though we had record oil prices. From that perspective, the Fed can feel confident that inflation won't get out of control.
feels
When it is up around 6%, it feels a lot worse.
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While inflation remains tame, inflationary pressures keep building. Thus, the Fed can't let its guard down.
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We are headed for a Katrina-induced soft patch, but I would not interpret this as the early warning of a recession.
environment
We are in a much more competitive environment than we were 20 years ago.
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We are just starting to see the impact of Katrina. We are going to see awful inflation numbers, awful employment numbers and awful industrial production numbers for a few months.
question year
There is no question that we are going out in this year with a lot of momentum.