The economic recovery has legs -- those of a pony, not yet a quarter horse.
More Quotes from John Silvia:
You could have dismissed it six months ago as a one-time hit,John Silvia
Inflation gains remain modest but they are gains. This suggests that interest rates will continue to rise as the Fed raises rates at the short end and bond traders discount trend growth and higher inflation at the long end.
John Silvia
Summer months can be particularly hazardous for forecasters, ... The timing of the end of the school year, seasonal hiring patterns and even weather can distort the monthly figure.
John Silvia
I suspect that there's a little optimism that the Fed will signal that they are just about done, that they'll change their language from saying 'further policy firming may be' to saying it 'might be' needed.
John Silvia
We avoided the sticker shock from high heating bills in October because it was so warm. If it stays warm through Thanksgiving, we should have a good holiday shopping season.
John Silvia
Manufacturing growth has moderated in recent months, as the cycle moderates despite the hype about the new-found recovery.
John Silvia
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Betty Shabazz
I've never seen America as being one place, but I think the record industry people I've spoken to - although they will acknowledge that the cities are completely different from each other - I think they still handle it as being one territory.
Sean Booth
I was born with music inside me. Music was one of my parts. Like my ribs, my kidneys, my liver, my heart. Like my blood. It was a force already within me when I arrived on the scene. It was a necessity for me-like food or water.
Ray Charles