Quotations
Famous Quotations
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Jim O'Sullivan Quotes
«In our forecast, we see consumer spending slowing a little bit in the fourth quarter to 3.1 percent from 3.8 percent for the same period last year, ... The rationale is that as the housing market slows , there'll be a cooling effect in the home wealth effect and the fluctuating energy prices will also have some drag on spending in the months ahead.»
Author: Jim O'Sullivan
«I don't expect that to happen,»
Author: Jim O'Sullivan
«The net of it is there's still a strong trend in employment. But all this is pre-Katrina.»
Author: Jim O'Sullivan
«It could be great for six months for a worker, and then he loses his job.»
Author: Jim O'Sullivan
«The weight of evidence is showing housing is starting to cool. Prices have continued to rise faster than income. For a while that pattern has been offset by declining mortgage rates, but that's stopped.»
Author: Jim O'Sullivan
«If housing continues to cool, some weakening will occur in the economy.»
Author: Jim O'Sullivan
«Five months is not dramatically high.»
Author: Jim O'Sullivan
«Some of the pickup reflects mix shifts, with payroll growth in above-average-wage sectors accelerating relative to growth in below-average-wage sectors. That said, some legitimate pickup in wage gains is probably credible given the low unemployment rate and the energy-led rise in inflation expectations recently.»
Author: Jim O'Sullivan
«Clearly the Fed wants to start prepping people for the possibility that they will be tightening later this year,»
Author: Jim O'Sullivan
«These are not incredibly large numbers, ... Along with the lower tax payments, refunds could add a half-percentage-point of growth to GDP in the first half of the year -- not a dramatic effect, but a bit of a plus.»
Author: Jim O'Sullivan