The interest rate markets have moved to swiftly price in one last act of enlightened risk management from Greenspan in the form of a tightening pause.
More Quotes from Michael Wallace:
It's simply too difficult to quantify at this stage what kind of economic impact any of these policies will have because who knows if they will ever make it through Congress. But from both a market point of view and from an economic point of view, the best possible scenario would be gridlock. It means they have to come together and do something more reasonable than more extreme. And that's what everyone out there wants.Michael Wallace
Alan Greenspan is not going anywhere for what we expect will be the next four years, which is a strong plus for the economy, Greenspan will be there to advise on fiscal policy and adjust monetary policy based on the administration's policies.
Michael Wallace
If they staggered it they'd probably have a better success rate of less violence.
Michael Wallace
I think you will get a spike because of the PlayStation 2, ... The business doesn't really start to turn until next fall, but the market will start to take note immediately.
Michael Wallace
People who invest in these companies should not pay attention to quarter-to-quarter numbers, ... They should look at the yearly numbers. You need to take a long term approach.
Michael Wallace
The biggest issue really is the time they're letting people out into the street at one time.
Michael Wallace
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