The Fed has been singularly unsuccessful in cooling down the hot U.S. housing market, primarily because its rate hikes have had little impact on long-term interest rates so far,
More Quotes from Nariman Behravesh:
Perhaps the single best piece of economic news in 2005 was that record-high energy prices did not spill over into the rest of the economy. While the Fed can be relaxed about inflationary risks in the U.S. economy, its role is to preempt.Nariman Behravesh
The main thing is cost-savings which radiate out in the form of lower prices for high-tech goods, and higher profit margins for the companies,
Nariman Behravesh
Rather than the doom and gloom we've been hearing, the consumer hasn't packed it in, and Christmas sales will be reasonably good.
Nariman Behravesh
It is encouraging that core inflation in 2005 was no higher than the year before even though we had record oil prices. From that perspective, the Fed can feel confident that inflation won't get out of control.
Nariman Behravesh
I think the way out of these deficits is that the U.S. currency will start to come down over the next two to three years.
Nariman Behravesh
Readers Who Like This Quotation Also Like:
Nolan Ryan is pitching much better now that he has his curve ball straightened out.Joe Garagiola
The true portrait of a man is a fusion of what he thinks he is, what others think he is, what he really is and what he tries to be.
Dore Schary
I woke up this morning, and I still don't believe I won the Daytona 500.
Dale Earnhardt