Kathleen Camilli Quotes (11 Quotes)

The events of this week make a more pronounced v-shape in the downturn. While obviously this will have a very short-term negative impact on us, investors should be focused on the next six-to-nine months.

It's a pretty big drop. It shows that we didn't have a large flow of imports and we know anecdotally that those cheaper imports, especially for the Christmas season, are coming.

I think the Fed is erring on the side of caution, as a central bank should. That's why they left the direction in place. It could be this time they're holding tight too long. We'll know that only in hindsight, as unfortunate as that is.

Every Fed chairman has been greeted with a trial by fire.

The Fed is doing what it has to do, talking a tough line. It still remains to be seen when the upward pressure on wages will trickle up to inflation. Right now, the average American consumer has been untouched, unscathed by the events in Asia.

He is obviously establishing his credentials as an inflation hawk, which is of course what the global financial markets want to hear.

Housing continues to remain the anomaly in this downturn, with continued strength coming presumably from the impact of a low unemployment rate, good income growth and historically high levels of home affordability.

This does imply we'll see higher CPI inflation. The bond yield will move up as long we continue to see greater-than-expected data.

It may not be so bullish for the stock market, because we are a consuming nation.

On a year-on-year basis, before this number was released, housing starts are down 11 percent. So you can see they've gently rolled over, showing higher interest rates are taking their toll on some parts of the housing industry.

Put in perspective, these levels are as high as they were in the late 1960s, so the fact that we've come off a little bit is most likely the reflection of anticipation of higher interest rates.