SLOW GROWTH -- LOW INFLATION -- HIGH INTEREST RATES
Uncertainty Remains High, Though Moods Have Improved; Borrowing Costs Are Too High and Likely ToRemain So;' Debt Payments High But Growth Has Slowed; Lower energy, Debt Costs Will Benefit Consumers; CPI Less Shelter; Gov't Statistics For Home Prices Lagging
Labor Market Overstated; Fewer Job Openings...Likely Wages Slowing; Construction Indicators; Layoff Outlook; Household Growth Likely to Slow; Housing Units Under Construction
Improving Data Hard to Find In Real World; Consumer Demand Still Trending Lower; Data Shows Higher Inflation-- Probably Over Sated; Home Prices Declining; All Consumers Except Higher Income and Elderly feel Bad; Bad time to Buy
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