Michael Darda Quotes (19 Quotes)

It doesn't look like what happened with GDP in the fourth quarter is a harbinger of the future.

We didn't get much new information here.

A significant part of demand right now is based on speculation that something is going to happen in the future or near future to make supplies much more scarce.

To me, this looks like continuation of crude oil escaping the gravity of reality.

If we get anywhere close to the forecast, its going to be negative for bonds, cause that market has depended on a miss on payrolls in recent months.

Such action could create a sharp upward move in inflation expectations, additional upward pressure on precious metals prices and renewed downward pressure on the dollar, ... If that were to happen, the Fed likely would have to drive rates up much more in the future, which could be disruptive to financial markets.

Today's number is a sign of slowing ahead. But that's not a negative thing. With the dramatic price appreciation we've seen, we don't want to see a runaway market out of control.

I thought the jobs report was more robust than the headline number would suggest, with the June and July upward revisions to payrolls countering the August miss.

The bottom line is that it's best to look at what the companies are actually doing rather than pay too much attention to what they're saying.

If you look at the data, we are seeing a subtle, upward pressure on core inflation.

Inflation has boxed the Fed in, they are going to have to keep moving rates up.

Everything changed after 9-11. There is a panic premium in prices today, driven by perceptions that supply and production are centered in countries that could fall into political turmoil.

This is obviously a continuation of what we've been seeing, which is strong economic growth and inflation expectations.

There's no real change in the rhetoric. He's talking about risks to economic growth, but within the overall context that monetary policy can respond.

They are saying that they are not convinced that the threat of higher energy prices is over, that they continue to worry about pricing pressure, and with a strong economy, they can keep raising rates.

You just can't have 30 percent growth every quarter.

It was a great report, although one month does not a trend make.

The minutes didn't change the outlook for the interest rate moves priced into the market. The Fed is expected to raise the funds rate at least two more times unless economic data is released that will change this assumption.

Gold prices are rising against almost every major currency, ... So the run up in gold prices here has not affected the dollar to the benefit of other currencies.