Quotations
Famous Quotations
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David Joy Quotes
«In the early 1990s, we were coming out of a recession and you typically expect a burst of tech spending. That's what we witnessed last year. That pattern is quite analogous.»
Author: David Joy
«Both candidates seem to be proposing roughly equal deficits over time. Both plan on cutting it in half but doing it by growing the economy as opposed to lowering the dollar amount.»
Author: David Joy
«Part of the reason we see inflation rising next year is the dollar. Clearly, there is upward pressure on prices because of the falling dollar.»
Author: David Joy
«Normally I'd say it's just a number but I think it's relatively important this time around. If we break through 11,000, it might be indicative of a general feeling that the economic expansion is more broadly based.»
Author: David Joy
«The persistence of high oil prices can't be lost on the Fed. Consumers have to pay for higher energy even though it's volatile. It is a real cost.»
Author: David Joy
«Lenders have less of a vested interest in maintaining higher credit standards because they bundle [the loans] and sell them off.»
Author: David Joy
«The labor market is important to the Fed under any circumstances. Once you get rising wage pressure that's when inflation gets intractable.»
Author: David Joy
«You might have a situation where the Fed raises rates, modifies the language a little bit but intends to keep on going. If the market assumes that it's one more and done that might be a misread.»
Author: David Joy
«There seems to be a wide disconnect between the headline growth numbers and individual perception about the relative health of the economy.»
Author: David Joy
«The fact that long-term rates didn't rise in some sense offset some of the impacts of the higher costs of energy. They fought to a draw, and as a result the markets weren't affected by either interest rates or energy.»
Author: David Joy