We have two surprises in our economy: better-than-expected growth and lower-than-expected inflation, and the growth is based on productivity, ... People are working harder. They're generating more products efficiently at lower prices.

Edward Yardeni

Economy Growth Inflation Surprises

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The reality is that the economy is in great shape. It's created lots of good jobs?not bad jobs. We haven't created a whole bunch of hamburger flipping jobs.

— Edward Yardeni

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The really surprising thing is the lack of inflation given this kind of growth.

— Edward McKelvey

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The surprises should be on the upside. It all adds up to very good fourth-quarter numbers.

For two years, we've seen this tremendous increase in prices, yet the core inflation rate has stayed at 2.3 percent or less, and the only explanation for that is globalization means inflation is contained.

Earnings are still going to grow as interest rates and inflation remain low.

InflationInterest