The only issue that is troubling is they feel some of the costs from energy are being passed on.
Policy makers make policy on long-term trends, ... This is temporary. Labor costs will eventually come down.
It could be the weather. Distribution costs increase with the cost of energy. Fertilizer goes up when energy goes up. There are various reasons for the surge.
Our own studies have shown that consumers tend to switch over to non-store outlets in times of higher energy costs .
Even though every investor out there is saying labor costs are picking up, companies have a way to be flexible. In theory, when the economy is doing well, profits do just fine even if labor costs increase.
Benefit costs went up because of medical care costs, ... not firms trying to wow employees. They're not wowing employees. Look at the layoff data.
Buyers are going to be in a sweet spot in about three to six months. The speculators who are still holding properties will be panicking by then as their carrying costs mount. It won't be a bloodbath, but that's when prices should be at their lowest.
The impact of higher energy prices is starting to bite corporate America. It's either going to raise costs or lower demand.