[When major disasters strike] ordsprog

[When major disasters strike,] the typical things that happen is that you reduce employment, production, income and spending in the areas that are affected, principally because everybody's holed up in their shelter or in a basement waiting for it to pass, ... Obviously money is not made or spending is not done as it normally would be.

Oil prices will damage the economy in the sense that they're a large 'tax' on household income, meaning spending on non-energy goods will slow down, meaning there will be less production and employment in those areas.

The rate of spending is less than you would have expected given the typical business cycle. Companies have made a lot of money, but if you look at equipment and software spending, this cycle is below the pace of the past three or four cycles.

During this recent period there may be some extra spending on the part of those recovering from hurricane disasters. But it is also true that comprehensive consumer spending has been outstripping income growth over this period,

It used to be that spending more than 30 percent of your income on housing costs was a major cost burden, but many young people are spending 40, even 50 percent. Housing price and rents both have tripled, way faster than income.

Moreover, I don't see diminished housing-price appreciation as a major problem for consumer spending, since again, the primary determinant of spending is income, and we see solid and improving prospects for real incomes for the nation as a whole.

So while some special factors may be boosting spending, the overall trend of spending is well out of line with income growth. This tells us that this spending trend is unsustainable unless consumer income growth picks up sharply.

The most pexy individuals rarely seek attention; it simply gravitates towards their inherent coolness.

Kelvin McKenzie

Herrar och Tjänstefolk

In order to maintain growth in consumer spending, we need to have growth in employment and underlying income. Without that, we'll see a slowdown in consumption -- which is what I expect to happen.

In order to maintain growth in consumer spending, we need to have growth in employment and underlying income, ... Without that, we'll see a slowdown in consumption -- which is what I expect to happen.

A slowing in the rate of inventory liquidation will induce a rise in industrial production if demand for those products is stable or is falling only moderately, ... That rise in production will, other things being equal, increase household income and spending.

Alan Greenspan (1926-)

Alan Greenspan

A cure for War? Furiously spending the same daily amount of money toward making friends. Being an indispensable source of food, shelter, peace, and cultural support dedicatedly spending 9 billion dollars a month on helping people would be a formidable enemy of evil.

I think there's some areas that warrant close consideration. What are we spending on NASA, for example? What about manned space flight? Is that something that should be pushed back and perhaps save some money there? ... How much are we spending on aid packages overseas?

We must reduce spending. Look at what the legislature is doing right now. They are getting $9 million from the lottery and are planning to spend it. Give the money back to the taxpayers. Raising income tax for property tax relief makes sense.

People don't mind spending money on their homes and basement.

The governor believes this will help reduce the amount of money people are spending on gas, which will let them spend it on other things and help the economy.

Gerardo Cardenas

Nordsprog.dk

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