34 Quotes by Joel Naroff

There are plenty of bubbles around the country that are losing air rapidly and more are likely to follow. But so far there is no generalized collapse in the market.

The extent of the drop seems overdone, ... I would not be surprised if home sales rebound, though the days of record sales levels may be behind us.

If they cut by 50 basis points, we may also see some movement down in the rest of the yield curve, ... If they cut by 25 basis points, I don't think it shows up in the rest of the curve.

Businesses are running up against capacity constraints and have no choice but to hire, and that may bid up wages. Productivity is decelerating and inflation pressures keep creeping up.

Basically, the new boss has the same worries as the old boss. For the markets, this cannot be good news.

Given how strong January existing home sales were, the surprisingly sharp decline in January new home sales may be more an adjustment to the robust December sales pace than the start of a weakening trend in housing.

There is an ever-growing number of homes on the market, and while the overhang is not great at the current selling pace, it could become a problem if we trend back toward more sustainable levels,

It doesn't indicate that households are going to dramatically start cutting back spending, but this does tells us that consumption, at least in this quarter, isn't going to be that great,

Manufacturers are not fools, and they looked out over the economy and saw that economic activity had slowed dramatically, ... Not wanting to carry inventories, they slashed production and workers. They acted correctly, but the downward spiral has been set in motion.