Ward McCarthy

Chief Financial Economist at Jefferies
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  • If we don't get a trade deal, we could slow significantly but I don't think we're going into recession, and if we do get a trade deal we're going to be growing again.

  • It’s kind of just a reassessment trade. People took a step back and looked at what happened Wednesday and came to the conclusion it really isn’t all that different from what we should have expected.

  • The labor market is cookin’, and that’s the bottom line. What’s really impressive is that the unemployment rate would’ve declined if the participation rate hadn’t risen, and that’s a good thing. You still have more people coming back to the labor market. There’s a lot to like.

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  • Jefferies
    Chief Financial Economist
    started Sep 2009