I don't think the confidence measures tell you that much about what the consumer is going to do. I always tell people to look at what consumers do and not what they say.
More Quotes from Gerald Cohen:
The core is up 0.3 percent over the last year, and so there really is no inflation, ... In the first year of recoveries, consumer price inflation tends to fall as it did in the past 40 years. We believe inflation should not be an issue for the foreseeable future.Gerald Cohen
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Gerald Cohen
I think the Fed is on hold tomorrow and for the foreseeable future. We've actually been proponents of the view for quite a while that the economy was going to moderate, and it was important for the Fed to be patient. And one of the dangers was if the Fed kept raising rates, that they would slow the economy a lot more than they would want. So we think that there are enough signs of moderation that the Fed will remain on hold, and we think that signs of moderation will continue. So we think the Fed will be on hold through the end of this year and into early next year.
Gerald Cohen
What group often combines a keen sense of humor with bad taste ... College students.
Gerald Cohen
The claims have not been low enough to merit cheering, but the direction has been generally positive, and that's the first step.
Gerald Cohen
It's consistent with the view that things are not good now, but there's the potential for a pickup. The only question is what the magnitude of the pickup is going to be, and we're not as sanguine as Greenspan is about that.
Gerald Cohen
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Dave Rowntree
I don't know why people keep banging on about the '60s. I came from a conventional family and I didn't go off with different people - I rather wish I had now, seeing all the fun everyone else was having.
Jane Birkin
All the problems of the world could be settled easily if men were only willing to think. The trouble is that men very often resort to all sorts of devices in order not to think, because thinking is such hard work.
Thomas J. Watson