If inflation doesn't accelerate much from here, and the Fed just raises rates a little more, we might see something like the end of the 1990s again. But if the Fed has to really ramp up to fight inflation, it's going to be a much worse environment than investors realize.
More Quotes from Stephen Stanley:
The main story was oil. Volumes and prices both rose in June, so petroleum imports jumped sharply.Stephen Stanley
The 'economy is weakening' crew will have a field day with this report. But until we see two weak numbers in a row, I am absolutely unconvinced. . . . Disappointed Definitely. Changing our big picture view No.
Stephen Stanley
If what we see in these surveys is truly the case, then there will be a clash in the boardroom as these two decide how best to move the company forward.
Stephen Stanley
The idea that the Federal Reserve is close to being done with interest rate hikes has certainly benefited the bond market, and stocks have benefited as well.
Stephen Stanley
We are seeing some improvement in foreign economies, but the imports are just so much bigger than exports you would have to have a big slowdown in U.S. demand to really make a difference. I don't expect to see any big improvement in the near term.
Stephen Stanley
The crux of the statement was unchanged (from the last meeting). They said that policy remains accommodative, but that the central bank will respond to changes as needed. That's been the mantra since the tightening period began last June.
Stephen Stanley
Readers Who Like This Quotation Also Like:
I'm obviously very keen on the theater and I think it's inevitable that some of the orchestral and chamber pieces have got dramatic elements which might even suggest an unspecified dramatic plot of some kind or other, even though it's not in my mind at the time.Peter Maxwell Davies
Well I'm a third-generation musician. My Grandfather's a musician and my father and mother were both musicians and so I'm a musician. It was just natural that I should be a musician 'cause I was born into the family.
Sam Rivers
As soon as you sit down to write about something you are pressing your nose deeper into the sewer of facts.
Theo Van Gogh