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Letter "M" » Michael Moran Quotes
«The fact that this gain occurred in a month when sales also increased implies it was intended inventory building. If firms had wanted to cut inventories, they could have used the increase in sales as an opportunity to cut further.»
«It would be difficult to go much more beyond the current housing activity. It's not troubling that we would see a flattening in home sales and housing starts.»
«The jump in energy prices during July and August represent a shock that could slow consumer spending and economic activity.»
«Manufacturing was going strong before Katrina hit and the ISM report told us Katrina didn't have much effect on activity across the nation. The economy is likely to remain on a solid growth track.»
«Without question, the rate changes by the Federal Reserve will have influences on peoples lives. Borrowing rates are going to go up for things like car loans and mortgages. All of these things will influence the individual.»
«More than ever before, people are looking to the stock market as the key to the economic recovery.»
«Housing is the most vulnerable sector of the economy at this time.»
«The decline was sharper than expected, but the reading was still respectable and in line with the averages that were in place right before the hurricane hit in late August.»
«[This is] the largest, most liquid market in the world, ... The size of the German bond market is minuscule. It cannot match what you have in the Treasury market.»
«I think it (CPI) faced considerable upside risks,»