86 Quotes by Greg Valliere
- Author Greg Valliere
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I personally think the 1992 analogy has been overdone.
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By the middle of the fall, if there's a feeling that the economy has withstood this blow, then Congress might be able to return to a more traditional agenda.
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If I was a member of Congress I'd try to press him on is there a light at the end of the tunnel on measured rate hikes, and at what point the Fed decides enough is enough. You have to think after the August move we probably are in the eighth inning, but I doubt he'll be that explicit.
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He can afford to tilt at windmills, because he's Warren Buffett. But I doubt he can really influence the Republican leadership.
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For the people who experience it, it's a tragedy, but for the country as a whole, we can absorb it.
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The key variable here is the consumer. As of now, consumer spending is way down so that may be the most critical thing they'll look at,
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This idea that the Fed is close to done is very puzzling,
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You've got a recession in the auto and computer industries, you've got inventories piling up, you've got mediocre consumer spending, you've got a terrible stock market. I think the time to cut rates is now and I think they are in a good position to do it. If the Fed shows tomorrow that they realize this economy needs stimulus, I think it would be a wonderful gift for the stock market.
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The general tone of the rhetoric form Gore has been quite hostile.
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