Consumers may get to a point where they're not going to pay higher prices and that causes demand destruction. We're not there yet, stagflation could be a concern if higher prices persist for an extended period of time. Mike Skordeles More Quotes by Mike Skordeles More Quotes From Mike Skordeles The consumer is the key, in our view, especially in hiring trends. More people with jobs, which come with additional income, provides the support for continued spending. Mike Skordeles If we see a sustained substantial increase in weekly jobless claims, then we'll shift our recession stance. Mike Skordeles
