Mickey Levy Economy Quotations

We've seen data from various sectors showing the economy is beginning to stabilize. Not only employment, but the manufacturing sector as well. And holiday retail sales, consumption and housing look OK. So, we have all these powerful stimulants that are going to contribute to growth as 2002 unfolds.

Looking forward, the factors are in place for economy to rebound, ... Capital spending will stay in negative territory for a while, but I expect consumer spending to turn by the end of the year.

There's no excess demand in the economy and it's really healthy economic expansion.

The Fed is going to have a tough call. The economy is growing fast, but there is no wage pressure ... There are as many reasons for why (rates) should be on hold as why they should be tightened.

The economy continues to operate at a pace that is non-inflationary -- companies are able to keep their costs down, even with tight labor markets. What it clearly indicates is that the Fed will probably remain on hold through the rest of the year.