The widespread notion of only a few months ago that the U.S. would be taking genuine steps down the path of fiscal consolidation in 2005 now looks hugely optimistic.
More Quotes from Richard Iley:
Those arguing that the Fed will soon take a time-out from gradually normalizing the level of the fed funds rate will have found little encouragement in these minutes.Richard Iley
Fourth quarter probably marked the trough although we could see an equally weak number in the first quarter.
Richard Iley
This survey remains consistent with a booming manufacturing sector.
Richard Iley
The Fed has got a difficult balancing act in the months ahead. The Fed is increasingly concerned indicators of a cooling housing market imply future downside risk to growth.
Richard Iley
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The invariable mark of wisdom is to see the miraculous in the common.Ralph Waldo Emerson
A couple of guys won Academy Awards for the things that I turned down. Today, after coming to terms with everything, after being in therapy for a long time-there are areas where I will compromise.
Mickey Rourke
I don't like parties past 2 am. Then it's all losers and weirdos.
Paris Hilton