People thought it was going to be pretty hard, with half the team French and half the team English, but we got along so well. It was a total team effort. If one person had a bad game, the other would just bring him back up.
I think we will see growth of 150,000 or 200,000 jobs per month by the spring. But we still have some structural issues in the labor market to work through, and the Fed wants to see a number of good months before they'll think about raising rates.
[Without the threat of inflation, the Fed is free to cut rates as much as necessary to keep the economy moving.] There's a lot of good news on the inflation front, ... It certainly paves the way for the Fed to cut rates again.
Strip away inventories and the government sector, and private-sector demand really wasn't that strong -- private-sector sales were up just 0.8 percent. We're still in a transition phase and not on a sustainable growth path yet.
There are some encouraging signs in retail sales, but if you look at what the source of consumer spending is, it's really income growth, and wage growth has been lackluster, suggesting the consumer will not be robust going forward.
Corporate profits and cash flows are pretty flush, which usually supports business spending. Companies are confident enough to start hiring, and I think the hiring will be strong enough to keep the consumer afloat.
We definitely plan on making inroads in the market. We're in the process of planning some special packages. We have a number of successful plans already - our four-packs, 2-For-Tuesday drink specials, our kids' promotions. We're formulating some new plans to bring some options to the Elmira fans that might take some of sting out of driving 55 miles with rising gas prices.