Unfortunately, I don't think the news tomorrow morning will put smiles on any faces.
More Quotes from Carl Tannenbaum:
It's certainly surprising. I mean, all of the recent news suggested that we're going down a slippery slope toward a slower economic time.Carl Tannenbaum
Frankly, I think that's healthy. Property has gotten so expensive, maybe people are getting a little bit of sticker shock.
Carl Tannenbaum
This economy has a lot of momentum and seems intent on challenging the Fed to keep in under control. Inflation is a real risk here after six years of expansion. The Fed perhaps is taking the first step, a down payment if you will, to try and keep that under control. But it may take more than what we saw yesterday.
Carl Tannenbaum
Households and corporations are still very active and are creating economic momentum, which is tremendously encouraging news for the economy. The only dark cloud comes from the news on prices, which are going up.
Carl Tannenbaum
Eighteen years of excellence has earned Greenspan the benefit of the doubt when blame is being allocated.
Carl Tannenbaum
It has surprised all of us that the economy has performed so strongly, but we think that the accumulated influence of higher rates both in the market and by the Fed will begin to take a little bit of starch out of the economy.
Carl Tannenbaum
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