The budget deficit is going to have to go up over the next three to seven years.
More Quotes from Barry Ritholtz:
At the beginning of the war, every headline caused the market to go screaming. Now, the market seems to have become inured to violence.Barry Ritholtz
Four years after the bubble popped, I can't believe that companies still legitimately have enough fat that they can cut heads and that it would not affect them going forward,
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When you stop and think about it, if the Fed were to pause, what does it actually do for anybody ... in the afflicted Gulf region At this point they're more concerned with basic food and shelter and not really comparison-shopping for mortgages.
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There's still upside in tech but it's going to be more grudging and grinding and choppy, it's not going to be this moon shot that we saw a year ago.
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When Greenspan spoke the market rallied, and when he stopped it gave the gains back.
Barry Ritholtz
The concern is that if a lot of the gains are in energy, that's good news for energy, but not necessarily good news for the economy.
Barry Ritholtz
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