Generally, I don't think it will be a damper on earnings. There are some things you can measure like near-term revenue loss because restaurants have been shut off and stores have been shut off. But if you look at previous disasters like Hurricane Andrew, the expenditure on replacement of homes and capital goods and spending on things like supplies for workers was quite strong.
More Quotes from Subodh Kumar:
What they're looking at is the rate increases by the Fed, and probably the other central banks, should result in somewhat slower inflation pressures and slower consumer growth in the U.S., which markets would like to see.Subodh Kumar
You do have a diverse group of stocks moving upward compared to a narrow leadership.
Subodh Kumar
Sooner or later it will be appropriate for the Fed to pause, regardless of whether or not we get a signal in that direction. There is no reason for them to invert the yield curve. Inflation is contained and the economy is okay. I don't see a reason for them to take the risk of keeping raising rates.
Subodh Kumar
The euro has been going down for two years, so I have to wonder if these guys are keeping their eye on the ball,
Subodh Kumar
With close to 20 per cent of the SP 500 companies having reported, year-over-year operating earnings growth for the third quarter at 14.9 per cent appears in line (versus above consensus for recent quarters) but still good,
Subodh Kumar
Some of the content parts of the media side like Seagram and Thomson seem to be benefiting so it seems fairly wide spread,
Subodh Kumar
Readers Who Like This Quotation Also Like:
Based on Keywords: damperI vowed I would do everything I could to stop the Isle of Man counting towards the world championship. And it was stopped, so they love me in the Isle of Man.
Barry Sheene
Ending up-front fees should make it far easier for all students to go to university as they will no longer have to pay up to /1,125 out of their loans at the start of each year. Student loans will also rise to meet average living costs.
Anne Campbell
In Los Angeles, by the time you're 35, you're older than most of the buildings.
Delia Ephron