Wayne Ayers Quotes
We're nowhere close to the Japanese example. When you have real deflation as they have in Japan, consumers expect prices to be lower, and they defer purchases, which makes the spiral worse. That's not an apt description of what the American consumer has been doing. 
Tweet
Close | Real | Deflation |
comments powered by Disqus
It came in a little higher than expected, but I take it as more of the same -- consumers are hanging in, but they're not showing robust enthusiasm.
- Wayne Ayers
The Fed is being very serious when it says this labor market remains exceptionally weak -- in fact, it's the weakest [since World War II], by many measures. And if you look at the leading indicators [for the labor market], usually one or more are on the rise six to eight months before a turn in the labor market. Right now, none are on the rise.
- Wayne Ayers