24 Quotes by Cary Leahey

Clearly Greenspan's luster has dimmed, and there's this worry that he's fired a lot of bullets and the bullets he has left won't do any good.

I don't see anything in the speech that is relevant to the near-term outlook.

The increase in orders is particularly welcome. The bond market may like the fact that the prices paid component dropped 11 points, reversing most of the big gain in November. Analysts are banking on strength in manufacturing next year to offset some of the expected weakness in housing related consumer demand.

The important thing is not whether the Fed can ease but the fact that people can even ask that question and some intelligent people say if the Fed raises rates in September, it would be a public relations disaster.

The first quarter is off to a very strong start. This will dominate some of the disappointing numbers we got earlier this week at least in terms of forecasting GDP. It's hard not to have a GDP forecast now that's not around 5 percent or higher.

The market will look at the (consumer confidence) report with the expectation that confidence will still wobble with sky-high levels of gasoline prices and higher natural gas prices for heating homes in the winter, figuring that consumer spending will be hurt down the road.