Quotations
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Mark Vitner Quotes
«The Fed has to conduct a bit of a high wire act. If rates were to rise quickly that would put part of the economic expansion at risk, particularly residential construction and commercial development.»
Author: Mark Vitner
«That caused some orders to be pulled forward into December that might have normally occurred in January or February,»
Author: Mark Vitner
«As long as energy prices remain high, they're likely to move in baby steps. I just don't think it's a slam dunk that they raise rates in December.»
Author: Mark Vitner
«They would like to raise rates, but right now, keeping rates a little too low would cause the least harm in the economy. If they raise rates after this weak employment report, people will be hollering. George Bush would be hollering the loudest.»
Author: Mark Vitner
«I don't have any faith that 32,000 jobs added reflects what's going on. The growing disconnect between the surveys is too much to dismiss.»
Author: Mark Vitner
«I think spending will be pretty solid the rest of the year. The August numbers will be important due to back-to-school sales.»
Author: Mark Vitner
«They're only mediocre if you're a securities analyst, not if you're a real person, ... The successful retailers are opening stores like mad. That may steal sales from existing stores of their own as well as other retailers. But the overall pie is growing. I'm an economist; I focus on the pie, I don't care how they slice it.»
Author: Mark Vitner
«The jobless recovery is well behind us. The economy right now is not really in a recovery mode, it's in a boom mode. Companies are going to be hiring out of fear if they don't, they lose an opportunity to make more money.»
Author: Mark Vitner
«I don't see any storm clouds on the economic horizon. We don't see any potential land mines or problem areas. Even an attack on the scale of 9/11 would not cause the economy to go into recession in the next two years.»
Author: Mark Vitner
«Virtually all indices remain at solid levels. It's a very strong reading for manufacturing overall. The most disturbing thing is the prices paid which is almost at crisis levels.»
Author: Mark Vitner