17 Quotes by James Padinha

It's surprising that out of all the commentary you read on what's happening, nobody thinks it's just a basic inflationary story.

It's generally the case that if you push through tax cuts, over time, it will stimulate activity; and as growth accelerates, you'll start to get revenue increases back.

It's really just a waiting game. You can't expect excesses to be done correcting just because you want them to be done correcting.

Once the excesses got to the point where the Fed had to do something about them, the kinds of rate hikes we eventually did see had an outsized impact on the economy -- which ended up tanking, and then the Fed had to ease drastically.

After this next round, people are going to be hugely down on things. People are going to say the economy lost all its momentum at the end of the third quarter.

I'm expecting Friday's numbers to print poorly. If that happens I will tell clients they should expect the Fed to cut by a half point.

I couldn't believe it -- first time in 10 years they did the right thing. Obviously, I think it's perfect.

This is a continuation of a trend that's already been in place. We don't have a huge inflation problem, but it seems to me that people don't give enough weight to the possibility something like that is brewing.