Peter Morici
Peter Morici
Peter George Morici, Jr. is an American economist and Professor of International Business at the R.H. Smith School of Business at the University of Maryland, College Park. He is a graduate of SUNY Albany in New York State where he received his Ph.D in Economics in 1974. He is a nationally syndicated columnist, with his articles appearing in many publications such as The Washington Times, The Hill, Townhall.com, Newsmax, and several regional newspapers throughout the United States. Morici often appears...
clear costs design ford japanese labor lacking lacks line offer plan quality statement vehicles
The plan lacks a clear statement of how Ford is going to get its labor and design costs in line with its Japanese competitors. Lacking that, Ford will not be able to offer vehicles that are competitive in price, quality and content.
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The higher import prices are starting to bite and the lower import prices are starting to have an effect,' ... I think we can start to wind our way down to about $20 billion.
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This moderate wage growth should dispel any notions the Fed may hold (that) labor markets and spiraling wages could reignite inflation.
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As long as housing prices don't go down, consumers have more equity they can borrow against. If mortgage rates go up another 1.25 or 1.5 percent and pierce 7 percent -- watch out. That's when the housing bubble bursts and consumers would cut back on spending a lot.
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Higher oil prices and a strong dollar will push the trade deficit to new record highs, with the monthly trade deficit likely exceeding $75 billion by mid 2006.
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The retail sector is enjoying a decent but unexceptional holiday shopping season.
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But when you find someone working on the assembly line at General Motors is making more than a Detroit policeman, you see that support start to decline.
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I don't expect consumers here will really see a 10 percent movement on the prices of imported goods, ... But for exporters, that 10 percent is very real.
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The Fed now has limited leverage over the housing market. It has been unable to tap the brakes on the housing market.
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We're starting to get into the zone where if this persists its problematic,
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The outlook remains poor, ... Production cutbacks at Ford and GM, mediocre personal income growth and record trade deficits all bode poorly for economic growth and jobs creation.