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Letter "J" » Joel Naroff Quotes
«But if inflation does keep moving higher -- and right now, that is a real possibility -- the (Fed) is quite prepared to keep raising rates.»
«The [property] sector is coming back to earth. The only question is will the parachute open or will there be a very hard landing?»
«We saw decent exports here. The weak dollar is beginning to have its effect. I think that will continue to happen, although I really don't expect the trade deficit to narrow until the end of this year if at all.»
«The pullback in the housing market is continuing at an orderly pace.»
«What we are seeing in the housing market is an orderly decline.»
«The overhang is becoming a real threat.»
«This is it for the major data this year and only the window-dressers will likely care. And their moves are for show and dough, not for fundamental reasons.»
«Imports are creating some inflationary pressures but they don't appear to be that great.»
«We had a pretty good year this year. If we look out and ask, 'Can we sustain the gains that we made?' I think the answer is, more likely, yes. If we do as well in 2006 as we did in 2005, we should be very pleased.»
«You're seeing a situation where the consumers are spending every penny they possibly can and borrowing on top of that.»