Gregory Miller
Gregory Miller
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The deep fundamentals, the personal income numbers, are healthy.
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The deflator is rarely revised, so this one revised this much is probably significant. We are seeing more and more inflation pressure percolating to the surface.
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The problems tend to get worse as you grow older,
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When artwork is involved, it's almost assumed that it's going to travel. It's too hot to stay here.
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This was not good news for the economy. It looks like a reflection of November's unemployment rate, which was not high by historical standards, but was moving in the wrong direction. Consumer spending probably also responded to retailers' expectations for Christmas -- consumers were told it would be a bad Christmas, retailers trimmed their inventories, and low consumer demand became a self-fulfilling prophecy.
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We know that arsenic likes to stick to iron oxides, various kinds of rust,
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We're all guessing at this point, basically throwing darts at a number of possible scenarios.
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Wage restraint was helping businesses out and now it's not. Have we tipped over the edge? Maybe not, but the trend in wages is moving higher.
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You'll reach the same conclusion as everyone else who's seen those tests: It's cheating,
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I think that consumers' psyches are in remarkably good shape, particularly having come off a year where we had natural disasters that filtered through to affect virtually every household.
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I would characterize hiking as the best nature-based activity for a lifetime of activity, ... It requires a minimal level of gear. Anyone can hike. You can set your own pace, and you can experience the outdoors on your own terms.
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He did a good job of keeping his comments precise and on-point.