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Letter "L" » Lacy Hunt Quotes
«This economy is too fragile to sustain this type of severe rate rise; the consumer sector is leveraged up the gourd. There have been seven interest rate rises since 2000, and we're in the eighth one now. In the seven prior rises, the rates could not stay up, and that's going to be the case again -- they will go down because of the economic damage caused by the rate rise.»
«I don't think any benefit of the dividend tax elimination is worth the increase in the deficit.»
«In the past two years, we've seen the budget go from surplus to deficit, adding about $400 billion of stimulus to the economy, but we've still lost 2.5 million private-sector jobs.»
«The country is entering a period of debt deflation, where households and businesses are forced to move funds from spending to debt repayment. This forces down economic growth and reduces inflationary pressures and long-term interest rates.»
«In Japan, for example, the debt deflation started in 1990 and price deflation started in 1992 or 1993. That's what we're in for right now.»
«The economy's not doing well, so it's appropriate to do what you can. But the notion that deficit spending is a panacea is greatly over-advertised.»
«Real income growth is deteriorating because of job losses, and income growth is going to remain weak until such time as it's reversed by a tax cut, which is months away at the earliest. Then there's a huge wealth loss [from the stock market] and no pent-up demand for goods.»
«The risk to the economy is that we lose the consumer -- and I think we are losing the consumer.»
«We've basically been in one long recession that started in the fall of 2000,»
«The stock market has given off false signals in terms of anticipating recessions, but it has never given off a false signal about recovery before the recession ended.»