When we heal the earth, we heal ourselves.
More Quotes from 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
My belief all along is the unemployment rate is the key to consumer behavior, ... A 4.5 percent unemployment rate would be more than a half a percentage point above the low of 3.9 percent. If unemployment goes up a half percentage point from its trough, you almost always get a recession subsequently in the next 12 months. There is a snowballing effect that begins to happen once you get too much past that size increase. While it might take a nice round 5.0 percent rate before people get panicked, the snow may already be rolling over them by then.
David Orr
The results are great for builders, great for sellers of home building products and consumer household products, and great for growth, ... But, the dramatic strength in both units sold and in prices are both more fuel for a more aggressive Fed.
David Orr
The soap opera will continue. I wouldn't take them off stage altogether as some people are doing.
David Orr
The report will not comfort the Fed, despite the good headline data, ... The news further back in the pipeline was not good.
David Orr
It's not as bad as we thought, but it's still going in the wrong direction.
David Orr
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