Ed Hyman: U.S. Economy Is Coming Back From Storms

The transcript discusses the impact of hurricanes on travel and the economy, highlighting improvements in unemployment claims and company surveys. It explores market trends, including car sales and bond yields, suggesting a positive outlook for 2018. The discussion also covers wage growth, noting that past hurricanes did not affect wages or unemployment, and emphasizes the need for wage increases to drive economic growth.

What did the speaker observe about the hurricane's impact in Houston?

• There was no visible damage.

• Only minor flooding was observed.

• The airport was closed.

• Significant damage was visible.

What is the market's outlook for 2018 according to the speaker?

• Uncertain due to fluctuating trends.

• Optimistic with a constructive view.

• Neutral with no significant changes.

• Pessimistic due to economic downturn.

Which economic indicator did the speaker mention as improving?

• Housing prices

• Stock market

• Interest rates

• Unemployment claims

How did past hurricanes affect wages according to the speaker?

• Wages increased significantly.

• Wages decreased sharply.

• Wages were unaffected.

• Wages fluctuated unpredictably.

What wage growth target does the speaker suggest for economic progress?

• 5%

• 2%

• 3.5%

• 4%