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
More Quotes from Joel Naroff:
Bubbles burst, they really do. The Federal Reserve has to be concerned that just may happen, which could make them more cautious going forward.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
Trade will be restraining growth.
Joel Naroff
Given the condition of housing, Fed policy-makers will not panic if they see a low GDP growth rate in the fourth quarter.
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
There are plenty of bubbles around the country that are losing air rapidly and more are likely to follow. But so far there is no generalized collapse in the market.
Joel Naroff
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