20 Quotes by David Shulman

What's astounding is that we've got high growth without inflation, ... there is a level of labor market tightness that will generate wage inflation.

We got a green light last month when the Fed decided not to raise rates, then we got another green light when the bond market rallied last Friday, ... The balloon is still blowing up. I'm staying defensive. I still say the bubble is going to break. I just don't know when.

We got a green light from the Fed last week and we got a green light from the bond market in Thursday. My sense is that over the next three to six weeks the market is going higher. But I would be thinking more in terms of selling rather than buying here.

Normally the last cycle's winners don't win in the next cycle. But people want to play them because they look cheap compared to the previous boom.

For example, 1970, 1974, 1982, 1990 and 2002 were recession years and 1966, 1986 and 1994 were associated with mid-cycle slowdowns.

I picked Mike because I know his talents as a creative artist,

How much of this is post facto rationalization?

The ingredients are in place for a nasty correction,

The era of the increase in consumer expenditures exceeding income growth is about to end.