Because it was such a big change, out of the blue, my caution is just to say, let's wait a second, ... Maybe we should sit back, digest this number and see what comes of it.
More Quotes from Joel Naroff:
When energy costs stop falling, we may not be looking at such wonderful numbers, ... For now, the Fed can push inflation into the background. But when the economy is back up and running, they may want to revisit the 'inflation is licked' thing.Joel Naroff
Americans shopped the world's markets until we dropped. We bought a lot more of everything, including capital and consumer goods, foods and motor vehicles.
Joel Naroff
Business tax cuts may save the corporate bottom line a little bit, but they will neither induce new investment nor increase production, ... Only a rise in spending will do that.
Joel Naroff
We have seen a change in the texture of the economic data. A month ago, the reports were not clear-cut, as some were good and some were weak. Recently, the pattern has been for a surprise in the numbers on the upside. The Fed is seeing the same trend in the data, and it would be a shock if they did anything but stand pat.
Joel Naroff
The economic recovery sure looks to be here, but once Fed officials recognize that fact, rates, including the fed funds rate, could jump, ... That is the box the FOMC has gotten itself into with their statement that policy accommodation can be maintained for 'a considerable period.'
Joel Naroff
If you live in the real world, inflation is not as tame as the members of the Fed monetary policy committee would like us to believe.
Joel Naroff
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Dennis Quaid
I don't believe there is a separation of church and state. I think the Constitution is very clear. The only separation is that there will not be a government church.
Tom DeLay
The way I feel today, as long as my health is good and I can handle myself well and people still come to my concerts, still buy my CDs, I'll keep playing until I feel like I can't.
B. B. King