Nariman Behravesh Rest Quotations

Perhaps the single best piece of economic news in 2005 was that record-high energy prices did not spill over into the rest of the economy. While the Fed can be relaxed about inflationary risks in the U.S. economy, its role is to preempt.

Record-high energy prices did not spill over into the rest of the economy.

There is beginning to be evidence that high energy prices are starting to spill over into the rest of the economy.

Of that 8.9 percent, maybe a third of it was weather-related. The rest of it is underlying trend of weakness in the housing market. You are seeing pervasive signs of weakness.

The fact that we're not getting a spillover into the rest of the economy is pretty good news. The question that core inflation asks: Is the price of everything going to go through the roof? So far the answer is no.

These high energy prices are beginning to spill over into the rest of the economy. Finally, airlines are able to raise ticket prices and hotels are able to raise room rates and on and on.