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Letter "M" » Mickey Levy Quotes
«[Mickey Levy, chief economist for Bank of America said the money that will pour in may more than make up for the hits New York will take in finance, tourism and retail.] The rebuilding will take place and be financed by federal and local authorities, ... New York will still be the most important city in the world.»
«This number may be a touch better than expectations.»
«I think we are in a recession.»
«The factors are coming into place that point to an eventual rebound.»
«I'm looking for a 25-basis-point (quarter-percentage-point) cut.»
«Consumer spending is growing only modestly. So, it appears the easing of interest rates has helped the consumer only somewhat ... not a lot.»
«The economy continues to operate at a pace that is non-inflationary -- companies are able to keep their costs down, even with tight labor markets. What it clearly indicates is that the Fed will probably remain on hold through the rest of the year.»
«Regardless of who is president, it looks like they will not have a mandate.»
«The question is whether producers are absorbing their rising costs or whether they've started to pass those expenses onto consumers. If consumers are paying more, then we have a problem.»
«I'd say this doesn't provide any evidence [for an interest rate move] one way or the other.»