People may not be feeling all that good, but they are trying to cheer themselves up. They're not constrained yet, but I do think it is going to set in. The bear market has taken a big, big bite out of wealth, and history tells us when that happens people do sort of cut back.
More Quotes from Maureen Allyn:
This is still very flat inflation. We do not have an inflationary worry.Maureen Allyn
I have never thought that what a government wants its currency to do makes a hill of difference. What's holding the dollar up is a desire to put money here and a faith in Greenspan and Corporate America. That's all psychology, and it can turn on a dime.
Maureen Allyn
I thought the first six months of the year would be a white-knuckle ride. But monetary policy is as effective as ever. That money takes time to get in there, but I think it will stabilize things. We shouldn't expect anything to happen until July at earliest, though, and we'll have a few more months of holding our breath here.
Maureen Allyn
I think we're going to have to begin to believe that we're not in an inflationary environment. Sooner or later it's going to sink in.
Maureen Allyn
Growth took them by surprise last year so I think this is paying back for all that growth we had last year.
Maureen Allyn
I think that's got to be a better-than-even chance at this point. We know from their discussions that they were very, very nervous. This isn't going to calm them down any.
Maureen Allyn
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