18 Quotes by Kathleen Camilli

It may not be so bullish for the stock market, because we are a consuming nation.

It's a pretty big drop. It shows that we didn't have a large flow of imports and we know anecdotally that those cheaper imports, especially for the Christmas season, are coming.

Consumer confidence numbers will most likely plummet in September.

It's way too premature to talk about a recovery.

On a year-on-year basis, before this number was released, housing starts are down 11 percent. So you can see they've gently rolled over, showing higher interest rates are taking their toll on some parts of the housing industry.

It's really amazing. Our economy is growing at over 4 percent real growth and in the midst of that we have barely any inflation. Quite unprecedented.

The Fed is doing what it has to do, talking a tough line. It still remains to be seen when the upward pressure on wages will trickle up to inflation. Right now, the average American consumer has been untouched, unscathed by the events in Asia.

I do think that a rate cut is coming, more likely toward the end of the year when we see some of the economic data.

The events of this week make a more pronounced v-shape in the downturn. While obviously this will have a very short-term negative impact on us, investors should be focused on the next six-to-nine months.