Richard Yamarone Quotes (47 Quotes)

Inflation is not a problem and generally isn't during periods of economic weakness, ... This is simply because producers cannot pass along increased prices.

It's not really that shocking we kind of expected it, ... As the economy begins to moderate, we'll get these sporadic spurts of growth -- like an engine running out of gas. We suspect the trend will remain moderation.

As long as there is a perception that higher prices are in the tea leaves, that's a problem certainly for policy makers. And I think that's why the Federal Reserve seems hellbent on raising rates.

The December inflation picture may look relatively benign, but the early 2006 outlook is considerably different.

For all intents and purposes the Fed is going to move at a measured pace whether that word is in there or not. And now, the longer end of the yield curve should react more to Fed moves.

But so far three of the four key interest rate reports have come out looking really good and the Fed's going to have to really stretch to get that next rate hike.

We caution investors one month of stellar job creation does not a trend make. And since the entire Street has diminished economic growth projections for 2005, we have to stick to our guns of slower, not stronger, job creation in coming months.

I give him an A-plus. Job 1 was, 'Don't upset the market,' and he didn't do that.

Now it's time to pay the piper and get this deficit back down to more manageable levels, and I believe the president's budget will address these issues,

The big problem now is what does the Fed do with this. How does the Fed take the foot off the brake when you have stellar job creation and signs of increasing inflation

We have not seen any inflation yet, but what we have heard is an inordinate number of price increase announcements in the third or fourth quarter, but they were not supposed to take effect until Jan. 1.

Higher prices are back, which bodes ill for those expecting a quick end to Fed rate hikes. It looks like inflation is going onward and upward in the first quarter.

You haven't heard one story in the last ten months, 12 months, of any company saying, hey, we have intentions of hiring. We're going to be hiring. No company has said that.

This is good news. For all intents and purposes, this is really good data. Some equities should rally on this.

But analysts noted many market participants choose to remain sidelined until the release of Friday's key employment data. Friday's payroll number is critical, ... Not too many people are willing to take large positions ahead of the number.

Every piece of economic data we have received over the last six weeks is showing signs of higher inflation that threatens to erode economic growth. The after-shocks of the hurricanes may be longer and deeper than many now believe.

Good news is when we get gains of 100,000 or 200,000 -- September's number could very easily be revised to negative 57,000, ... One month does not a trend make.

We gave back some ground because the data proved that the economic slowdown isn't necessarily a sure thing, ... If consumer confidence remains at near all-time highs, the economy will continue to expand.

Businesses have had every incentive for investment spending, and they haven't taken that opportunity. I can't see how the tax provision expiring changes that too much.

Consumers are partying like it's 1999, ... They are celebrating their full-employment status and they are spending. The punch bowl is only spiked with 1-12 percent inflation, which isn't anything.

The economy is motoring along and we are indeed creating more than a decent amount of jobs. But there are a number of hurdles that lie in our path of prosperity record energy prices and the economic consequences of Hurricane Katrina.

We are convinced that a large portion of the tax refunds that are scheduled to arrive in consumers' mailboxes in March and April will be dedicated to these exorbitant energy costs, ... With that, there'll be less money spent on other goods and services.

The labor market is very healthy. The most important economic indicator for the average person is their job. As long as people are working, they're earning and that's offsetting a great deal of the pain from record prices at the pump.

It's not all roses in the labor market. I think the worst is behind us, but we're more likely to have flat, or sideways, movements in job creation for the next year, year and a half.

I can't see the state of job creation changing for the better anytime soon.

There are a number of things weighing heavily on corporate decision making. They're hesitant to go forward with anything above the bare necessity to keep their business profitable.

I had a low forecast for February simply because we had terrible weather, ... Yet, we still managed to have this kind of activity. So this is very encouraging for housing. Had it not been for the inclement weather, we would have had a stronger posting.

By any measure, third-quarter economic growth was quite impressive. It would be even more impressive if it could be sustained in the fourth quarter, but we're almost certain to lose some momentum.

The industrial production number is the benchmark -- other surveys, while they're good, pale in comparison to the strength this indicator has.

So we don't get the gold medal in housing this year we have to settle for the bronze. There's still plenty of demand for housing in the U.S., even with the higher mortgage rates.

I can't imagine that these energy prices aren't elevated through the winter. We anticipate even higher prices. Companies don't want to hire ahead of uncertainty.

There's only so much a Fed rate hike can do to thwart an inflation threat that's predominantly driven by oil prices. Raising the fed funds rate won't stop people from speculating about higher oil prices,

Make no mistake about it. Inflation is building in the pipeline. It is no longer a matter of if, but when, those price pressures will start to affect the general price level.

We are going to have a winter of discontent.

Ultimately the buck stops with the president. If people are upset about the economy and want to blame someone, that someone is probably going to be the president,

As it stands right now, we're looking down to about 2.5 percent GDP growth in the second quarter and third quarter, which is perfect for what the Fed would want. That would really play into them well and certainly avoid any rate hike.

As the economy goes, so, too, goes job creation.

August isn't exactly a barnburner for job creation. It didn't appear as if corporate America flicked on the hiring switch last month. I think there were a lot of problems plaguing big business. So I don't think we're going to get a big jobs number.

The sentiment I get from the Beige Book, along with listening to quarterly earnings conference calls, and just the general tone of my conversations with people who have their fingers on the trigger of hiring, say companies are just not doing much of it.

I don't think these high energy prices are going away any time soon. Consumers are pulling back.

We already knew that economic growth in the fourth quarter was depressed. The pace of economic growth in the first quarter may be three times as fast, generating a lot of momentum as we head into the summer.

Inflation pressures are rising, but at a subdued pace.

People buying generators sounds more like a smart insurance plan to protect some of their assets, rather than a sign they're living in fear. It may dampen people's outlook a little bit, but not in a way that would translate into weaker spending.

The argument is that Venezuela is not willing or they're not going to be able to (comply with the cuts). Here it is eight, nine days later and they're already backing out. We knew it wasn't going to last, but this is a little on the ridiculous side.

The Fed may pause ... but I think that would be a mistake. With the economy advancing at such a torrid pace, the Fed can afford to err on the side of overdoing it. ... The mistake would be to refrain from combating inflation pressures.

By historical comparison, theres not an economist on the street that can call housing weak right now. If this is the soft patch, its pretty darn good for a soft patch.

Retailers and construction companies just weren't hiring last month. Retailers did less hiring this holiday season.