But that's if economic conditions become far worse than they are now, ... It's a bit like saying 'if the sun doesn't come up tomorrow then crops will fail,' or 'the world may end if it gets hit by a meteor.'
More Quotes from David Orr:
The Fed views potential inflation as last year's problem. This year, they will be focused on promoting a rebound in growth.David Orr
Despite the discouraging headline that CPI inflation rose, there was actually more to be encouraged than discouraged about in this report. Since it is already known that gasoline has dropped sharply in October, that September rise can also be ignored.
David Orr
It does fit in with Fed Chairman Alan Greenspan's perception that we're past the peak of consumer spending binge, ... He doesn't want consumer spending to be slow, but he wanted it to back off from stratospheric levels.
David Orr
The more stable picture in the total index and the lessening pace of decline in orders would fit with the idea of a 25-basis-point (0.25 percent) reduction on May 15 instead of the more aggressive 50-basis-point (0.5 percent) (cuts) of recent months.
David Orr
The data is squarely at odds with the anecdotal evidence one gets from those in the industry.
David Orr
Initially, we estimated the number of people in need was about one million and we had reached about 50 percent of them. We've had a food security team in the field and they've revised the estimate up quite dramatically.
David Orr
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