Quotations
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Richard Yamarone Quotes
«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.»
Author: Richard Yamarone
«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.»
Author: Richard Yamarone
«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.»
Author: Richard Yamarone
«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.»
Author: Richard Yamarone
«I'm not at all convinced this recovery we're having is going to be as smooth as we've had in previous recoveries.»
Author: Richard Yamarone
«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.»
Author: Richard Yamarone
«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.»
Author: Richard Yamarone
«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.»
Author: Richard Yamarone
«This is Greenspan?s last hurrah. The swan song for the big guy.»
Author: Richard Yamarone
«I think it's the beginning of a prolonged slowdown, but not a recession.»
Author: Richard Yamarone