21 Quotes by John Shin

We feel that such a possibility is still a long way off, but it is a development that bears watching.

Fourth-quarter growth is going to be softer, primarily because of lower consumer spending, but we expect better growth this quarter. A major part of it is the sharp drop in auto sales, and we wouldn't expect to see that again.

From an economic perspective, it tells us that we are still having a fairly solid growth in both manufacturing and the overall outlook in the near term.

It is difficult to argue that there is a bubble on a national level since it more of a coastal story, such as California and Florida. There has also been a reduction in speculative buying.

Most of the market is looking at Rita.

While we still expect the housing market to cool gradually -- and the data over the past couple of quarters has been consistent with that view -- the February existing home sales number shows the considerable strength that is still in the residential sector.

We continue to expect that the Fed will keep its hawkish tone and hike on Sept. 20, in response to inflation pressures,

We do think you're going to see a drop off in consumer spending in coming months. Part of the reason is workers are experiencing pain in their take-home pay. You're still seeing other areas of the economy kicking in. These will offset some of the negatives from lower consumer spending.

Traders were really preparing for the worst. I think the reading is very much a cause for relief.