So we don't get the gold medal in housing this year we have to settle for the bronze. There's still plenty of demand for housing in the U.S., even with the higher mortgage rates.
More Quotes from Richard Yamarone:
The Fed may pause ... but I think that would be a mistake. With the economy advancing at such a torrid pace, the Fed can afford to err on the side of overdoing it. ... The mistake would be to refrain from combating inflation pressures.Richard Yamarone
By any measure, third-quarter economic growth was quite impressive. It would be even more impressive if it could be sustained in the fourth quarter, but we're almost certain to lose some momentum.
Richard Yamarone
Ultimately the buck stops with the president. If people are upset about the economy and want to blame someone, that someone is probably going to be the president,
Richard Yamarone
But so far three of the four key interest rate reports have come out looking really good and the Fed's going to have to really stretch to get that next rate hike.
Richard Yamarone
As the economy goes, so, too, goes job creation.
Richard Yamarone
You haven't heard one story in the last ten months, 12 months, of any company saying, hey, we have intentions of hiring. We're going to be hiring. No company has said that.
Richard Yamarone
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