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Letter "P" » Peter Kretzmer Quotes
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«We don't know if there is any meaning to the slowdown in these other categories. I wouldn't be too worried about it,»
Author: Peter Kretzmer
«This factor alone would tend to push consumer spending below trend (near 2% growth) in the year's final quarter, ... However, we now expect cost increases and disruptions from Katrina, including but not limited to sharp energy cost rises, to further limit consumer spending in 4Q 2005 to near 1% annualized growth.»
Author: Peter Kretzmer
«We don't know if there is any meaning to the slowdown in these other categories. I wouldn't be too worried about it.»
Author: Peter Kretzmer
«This factor alone would tend to push consumer spending below trend (near 2% growth) in the year's final quarter. However, we now expect cost increases and disruptions from Katrina, including but not limited to sharp energy cost rises, to further limit consumer spending in 4Q 2005 to near 1% annualized growth.»
Author: Peter Kretzmer
«If the Fed pauses late in the year, as we now assume in December, its response will be related to economic fundamentals, with GDP slowing late in the year rather than a direct 'emergency' response to events on the Gulf Coast.»
Author: Peter Kretzmer
«The main point is that when they sit down, they will conclude that what we want to do is to continue to remove the accommodative policy.»
Author: Peter Kretzmer
«My reckoning is it will subtract a couple of tenths of a percent, so we will have first-quarter GDP at 1.5 percent instead of 2.0 percent.»
Author: Peter Kretzmer
«Spending ended the quarter on a strong note, and that largely reflects the return of growth in auto sales. It's confirmation that spending was getting back on track.»
Author: Peter Kretzmer
«Rising home prices, higher mortgage rates and declining affordability are starting to affect housing demand. Evidence continues to mount that the housing market is cooling off.»
Author: Peter Kretzmer
«The economy looks strong, as does the industrial base.»
Author: Peter Kretzmer
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