Quotations
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Joel Naroff Quotes
«Given the sharp falloff in vehicle sales, the modest decline in overall spending was actually very good news,»
Author: Joel Naroff
«The economy truly does look to be on the mend, ... While the 2.4 percent rise in GDP during the second quarter wasn't spectacular, the details were heartening.»
Author: Joel Naroff
«What he's saying is not necessarily in opposition to the idea that the labor market may be stabilizing, but he's raising a warning flag, ... If we don't see layoffs get any worse, then they're actually getting a lot better -- that's critical information.»
Author: Joel Naroff
«When [Fed policy-makers] meet on Oct. 28, they will be looking at a broad-based economic expansion. Will they admit to that? ... They are going to have to face reality soon and become tilted toward growth and at least neutral on inflation.»
Author: Joel Naroff
«[The economic recovery] sure looks to be here, but once [Fed officials] recognize that fact, rates, including the fed funds rate, could jump, ... That is the box the FOMC has gotten itself into with their statement that policy accommodation can be maintained for 'a considerable period.'»
Author: Joel Naroff
«The economy bulled its way forward during the summer and not even the destruction of a major city and other Gulf Coast communities could slow it down,»
Author: Joel Naroff
«Despite all the layoffs that are occurring, businesses are still moving forward, ... They're out there looking for workers, and they may be forced to raise the wages just a touch faster.»
Author: Joel Naroff
«The confidence of consumers is going to be related more to the issue of terrorism and war than to anything fundamental. If things turn, that'll turn confidence, and that'll stop the downslide very quickly.»
Author: Joel Naroff
«A sharp slowdown in vehicle assemblies made a not-that-bad industrial production report look bad. The manufacturing sector is not yet out of the woods, but it hasn't gone further into the tank either.»
Author: Joel Naroff
«Given the condition of housing, [Fed policy-makers] will not panic if they see a low GDP growth rate [in the fourth quarter].»
Author: Joel Naroff