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Letter "K" » Kevin Logan Quotes
«Prior to the war, the stock market was at its lowest because people were pricing in a more intense military conflict, which hasn't happened, ... The market has decided that these events weren't nearly as damaging as they might have been to the global economy.»
«Businesses are replacing computers, but they're not expanding -- they're improving what they already do. It may even let them get by with fewer workers.»
«You can only run down inventory for so long.»
«They've changed their risk assessment; that's a subtle shift, but it is a shift. If you believe that inflation pressures will mount, they're closer to, rather than further from, a policy move.»
«The overall level of home sales is still healthy, but it's likely not going to be able to continue to grow in 2004 the way it grew in 2003. It may be topping out, and sales will move sideways -- but that's not a bad thing, given the high level of sales.»
«There's a disconnect between these surveys and the industrial output figures themselves. It may be that things were down for so long in manufacturing that any improvement looks strong in the eyes of the manufacturers, but the level of output remains rather low.»
«Things are more uncertain now.»
«For the last few months or so sales seem to have flattened out. This may be the beginning of a sideways movement. The rise in short-term interest rates and higher prices tend to slow down the turnover of houses.»
«Consumer spending was really slowing down a lot in August and September. We're entering the fourth quarter on a weak note.»
«It's a very thin market, ... People don't want to take any risk because of the lack of liquidity.»