With profits in such a tailspin, I'm revising down my capital expenditure outlook for the next six to nine months, and (I see) almost zero job growth for rest of this year.
More Quotes from Maureen Allyn:
That's why Fed Chairman Alan Greenspan was so desperate to get rates down - he wanted to make it easier to get through this. The Fed won't be raising rates any time this year I don't care what the economy does.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
We should see an upward revision to fourth-quarter GDP based on this trade number. But whatever it does to the GDP, it does not suggest that we're starting on a big roar of strength.
Maureen Allyn
The rest of the world is not in good shape and exporting to them is a tough slog.
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
Private sector credit from 1999 through the first half of 2001 was adding 1.2 trillion per year. It was the mother of all credit expansions.
Maureen Allyn
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Robert Moog
By plucking her petals, you do not gather the beauty of the flower.
Rabindranath Tagore
Words, which are the dress of thoughts, deserve surely more care than clothes, which are only the dress of the person.
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