I think Greenspan, last Thursday, really sent a signal that he wants 50 basis points (a half-percentage point), ... By saying that the GDP (gross domestic product) growth is close to zero, he certainly encouraged the belief that we get half a point.
More Quotes from Greg Valliere:
The combination of fiscal and monetary stimulus right now is the largest I've seen in years, ... It's good for GDP. If the economy starts to hum, stocks should do well.Greg Valliere
The wording of the statement will be very significant does it make it clear that the Fed is prepared to do more. It will be an important clue about what we might get going forward.
Greg Valliere
The Wall Street types want to make the United States attractive for investment, and a strong currency attracts investors.
Greg Valliere
I think sometimes after we have this type of party, there is a hangover -- and this comes in '05, ... The new Congress in '05 will make efforts to restrain growth. They may not rescind the tax cuts, but there will be spending restraint. But between now and then, it's just a party.
Greg Valliere
There was a lot of speculation around Washington a week ago that something big could come, that the White House needed to trot out something bold ahead of the convention, ... I've talked to several people who've come away from this thinking it's unlikely.
Greg Valliere
You've got a recession in the auto and computer industries, you've got inventories piling up, you've got mediocre consumer spending, you've got a terrible stock market. I think the time to cut rates is now and I think they are in a good position to do it. If the Fed shows tomorrow that they realize this economy needs stimulus, I think it would be a wonderful gift for the stock market.
Greg Valliere
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Based on Topics: Belief & Faith QuotesBased on Keywords: half-percentage
If I'd stayed at college I would have become a teacher.
Syd Barrett
Besides the actual reading in class of many poems, I would suggest you do two things: first, while teaching everything you can and keeping free of it, teach that poetry is a mode of discourse that differs from logical exposition.
A. R. Ammons
Yet, history has shown that if material force can defeat some ideologies it can no longer obliterate a civilization without destabilizing the whole planet.
Abdelaziz Bouteflika