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“Such soft patches are not that uncommon,” and that's all we're in right now, Philly...

“Such soft patches are not that uncommon,” and that's all we're in right now, Philly Fed's Charles Plosser says. “Temporary factors” such as the Japan quake, Middle East events, and higher food and energy prices have all had an impact, adding that the economy withstood a similar “bump in the road” last year. Growth should rebound to 3.0-3.5% over the rest of the year, he says.
Comments (5)
  • Barry Crocker
    , contributor
    Comments (449) | Send Message
     
    So we can look forward to cheaper food and energy price shortly !!

     

    Charles is guaranteeing it : )
    9 Jun 2011, 09:50 AM Reply Like
  • Tack
    , contributor
    Comments (13264) | Send Message
     
    Where I live, gasoline was $4.09 a few weeks ago; now, $3.59. I doubt we'll see any retrenchment in food.
    9 Jun 2011, 09:59 AM Reply Like
  • davidingeorgia
    , contributor
    Comments (2713) | Send Message
     
    The "soft patch" is located between the ears of many Fed members.
    9 Jun 2011, 09:56 AM Reply Like
  • Denis Ouellet, CFA
    , contributor
    Comments (73) | Send Message
     
    Everything is transitory. See THE ECONOMIC AFTERLIFE at www.bernobul.com/?p=514
    9 Jun 2011, 09:57 AM Reply Like
  • montanamark
    , contributor
    Comments (1435) | Send Message
     
    LOL - soft patch - good one.

     

    major fire is nothing more than a spark
    9 Jun 2011, 09:59 AM Reply Like
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