Ken Mayland Quotes

"The economic expansion has matured to the point where corporate America feels it's safe to staff up."

"Any long-term plan without an education component isn't a complete plan. We are seeing a brain drain."

"There's no question we're getting back to better days for job creation."

"There's no question we're getting back to better days for job creation. There's been a sense of unease in the American workplace and this should help relieve that. The economy is getting on off to excellent start in 2006."

"I fully expect the economy to bounce back strongly in the first quarter. Auto sales will be stronger and inventories are still very lean, which points to a better first quarter."

"Holy Katrina! The economy weathered two major hurricanes and in spite of that showed accelerated growth. I think what this shows is that fundamentally the economy was and is in really good shape."

"Consumers are still willing to spend, even with the high energy prices, and capital investment is booming. By the second half of the year, we'll see the cumulative effect of interest- rate increases begin to bite and the economy slow."

"There is a great deal of fear and uncertainty out there. On the one hand it's sad to see peoples' lives disrupted and destroyed. On the other hand, people are worrying about how they are going to pay their gasoline bills and their home heating bills this winter. It makes for a pretty bleak view of the future."

"It's not just that the sales level was down but look at the difference between single-family and condos."

"more of an emotional response to the recent woes and gives very little insight into consumer spending behavior."

"This gives us some confidence that overall consumer spending growth in Q1 will be a lot better than Q4, and by implication, Q1 GDP growth will be much better."

"If the Fed is wrong and inflation runs too high, out of control, there can be a catastrophic loss of confidence in the Fed that has national and international implications."

"We are still anchored down by our above-average dependence on the auto industry, which doesn't have much upside potential. GM is in a struggle for survival."

"Accept this for what it is: an emotional reaction to tragic circumstances. But are people going to stop spending? No."

"This employment report neither screams tighten further nor shouts stop here. More information from other indicators is needed to determine the proper course of policy."

"There will be a lot of rebuilding that is going to need to occur. These things do spur GDP growth."

"I think any number below 350,000 is associated with good job growth. I think we are definitely getting back on track for fundamentally good job generation."

"It is inevitable that we will see a 1% or 1.5% decline in retail sales in an upcoming month as consumers become sated with new vehicles. ... This will not be an indication of any particular vulnerability."

"Auto sales at these monstrous levels, these gargantuan levels, cannot be sustained. They will come back to normal levels."

"If you liked October, you are going to love November, ... because you can anticipate some further softness in these core items like new cars. G.M. has already announced the next incentive program."