38 Quotes by Richard Berner

I still see that companies went overboard in slashing their work force in an effort to cut costs and to eliminate the hiring excesses of the 1990s. I think we have a shortfall of about 1.8 million jobs to make up.

I think the surprise will be that housing prices and housing sales will decelerate, but the economy will do just fine.

We now expect the Fed to increase the federal funds rate to 5.25% by September rather than stop at 5%.

With the current account and the budget deficits now expanding together, market participants may pay more attention.

We believe the Fed will move further to contain future inflation risks.

Why should people hold crude in tank farms if they think the price is going to come down?

Both sides seem to be pretty well entrenched in their positions, which would mean the economic effects could be rather appreciable.

Upside inflation risks may require that the Fed move promptly and perhaps a little more forcefully to ensure that inflation and inflation expectations stay low.

Energy prices will have to fall substantially and growth will have to improve to erase the feeling that the growth/inflation mix will be unpleasant.