Mark Vitner Quotes

The recent weakness in wage and salary growth is bad news for retailers, since wages and salaries, which account for more than 56 percent of personal income, tend to influence spending decisions far more than other income sources.

- Mark Vitner

Tags

Weakness | Wage | Salary | Growth | News |

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The biggest mistake of economists over the past 20 years ... We've consistently underestimated growth. - Mark Vitner

People keep asking, 'How can it be that we haven't seen energy prices bleed over into the core?' ... Our belief is that it will eventually show up in the core CPI, but it may not show up in 2005. It may be in first quarter of 2006. - Mark Vitner

Consumers are fairly worried about the economy. ... I think the holiday season is going to be ho-hum. - Mark Vitner