If expectations of lifetime earnings drop, then so will spending.
I believe that any society that allows the creation of legitimate wealth expects that the wealth be used for its benefit.
To have come of age during and after the global financial crisis of 2008 is to belong to a generation often unable to do what an American could once expect, and to do what was once expected: Get a job, pay off student loans, and find a place of your own.
People today expect a good economy the same way a they expect sunshine and good air.
The stock market was relieved that the Fed didn't sound tougher, and the stock market seems to figure that everything they like about Donald Trump will come true, and everything they're afraid of about Donald Trump will not come true.
Have transfer prices in England surprised me? No. Are the prices over-inflated? Yes. But there is no surprise now.
I believe many people - especially small- and medium-sized enterprises across the European Union - are disenchanted with Europe because we haven't delivered the goods.
When did the business community in America become so sensitive? ... that we have to treat like some type of rare exotic animal - don't startle them or they'll fly away!...we need to soothe them so they can nest here and lay their magic eggs full of jobs! - WHICH NEVER HATCH BY THE WAY!!!
It seems to me that at least as far as the financial markets are concerned, there is increasing evidence against rational expectations, even at the macro level.
I think for the great majority of the American people, they've suffered economically under Obama and they really are looking forward to Trump delivering more money in their pocket. I think they haven't lost faith yet.
No President is going to be satisfied with 3% growth in the economy even when you explain to him that over the long term things will be fine for everyone at 3% growth. He says: 'I'll go for 5% growth and let the next guy settle for 3%.'
I went to school for economics, and especially in Asian culture it's not really a viable job for my family to be an artist.
Communication has become a fulcrum of policy [of the Federal Reserve]. Policy makers shape expectations and, thus, economic behavior.
See {639156} and {639153}.
In both rich and poor nations consumption is polarized while expectation is equalized.
A friend from India told me that a countryman of his said: "I want to go to America. I want to see a country where poor people are fat."
