Any attempt to bypass the markets, remove market incentives and replace them with government incentives sets us on the wrong path. After Nixon and Carter, I didn't think we'd make that mistake again.
More Quotes from Chris Low:
This is clear confirmation that the unusually warm weather in January boosted sales, and February sales just fell back to more normal levels. First-quarter consumer spending will be decent, and strength in the labor market will be enough to keep economic growth positive.Chris Low
The most important thing is that US interest rates are still higher than rates in other reserve currency economies and because of that, there's an advantage to investing here.
Chris Low
It's hard to imagine anybody having the backbone that Greenspan brought to the job, the ability to withstand months and months of criticism and stick to his guns.
Chris Low
The bottom line - despite the minus sign in front of the number, (payrolls) are a lot better than we thought.
Chris Low
There's a sense of urgency in construction. If builders have approval for a project, they're going to try to move ahead as quickly as possible.
Chris Low
They (China) ship a lot of goods to Wal-Mart. Wal-Mart pays for these goods in dollars and manufacturers in China trade these for China's local currency and eventually the dollars work their way into China's central bank.
Chris Low
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