Basically, the new boss has the same worries as the old boss. For the markets, this cannot be good news.
More Quotes from Joel Naroff:
With such a stark difference between goods and services inflation, the issue is 'Can the Fed do anything about the surge in services prices' ... Can monetary policy limit the rise in medical care or education or tobacco prices Probably not.Joel Naroff
We had a pretty good year this year. If we look out and ask, 'Can we sustain the gains that we made' I think the answer is, more likely, yes. If we do as well in 2006 as we did in 2005, we should be very pleased.
Joel Naroff
if we have a financial crisis of one form or another, do we have the confidence that this person has the experience to handle it well
Joel Naroff
If rates continue to rise -- and that is a realistic prospect if we keep getting good economic news -- the market could come under pressure,
Joel Naroff
When Fed policy-makers meet on Oct. 28, they will be looking at a broad-based economic expansion. Will they admit to that ... They are going to have to face reality soon and become tilted toward growth and at least neutral on inflation.
Joel Naroff
We saw decent exports here. The weak dollar is beginning to have its effect. I think that will continue to happen, although I really don't expect the trade deficit to narrow until the end of this year if at all.
Joel Naroff
Readers Who Like This Quotation Also Like:
Based on Topics: Media & News QuotesI think there are telegrams that may or may not be available, which indicated that I very much had in mind the need to give Europe substantial aid after the war, after Lend-Lease was over.
W. Averell Harriman
I have long been a proponent of a guest-worker program between the United States and Mexico, and in particular I have proposed that Arizona would be an ideal location for a pilot project.
Janet Napolitano
It does not follow that the meaning must be given from above; that life and suffering must come neatly labeled; that nothing is worth while if the world is not governed by a purpose.
Walter Kaufmann