It's not pretty. A lot of things just hit people today.
More Quotes from Robert MacIntosh:
Inflation is not an issue right now. We're looking for inflation to be between 1 and 1-12 percent this year. It's typical that you see inflation come down and stay low for a while after you have had an economic slowdown.Robert MacIntosh
Stocks would really get whacked, because they have priced in that some kind of economic growth is coming. A rate cut would be a sign that growth isn't coming.
Robert MacIntosh
The economic growth rate will be so weak, combined with extremely good inflation numbers, that I just don't see them doing anything in 2002.
Robert MacIntosh
Retail sales were down, which isn't a surprise, but they were down more than might have been the case, but January was revised up so you have to average those two months because we had all sorts of weather issues. If you average the two of them we are doing fine. People are still willing to spend.
Robert MacIntosh
They wanted to give themselves some flexibility, which they didn't have with that language.
Robert MacIntosh
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