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Letter "M" » Mike Moran Quotes
«Keep in mind: the effect of rising oil prices is not just a European phenomenon - it's affecting everyone. It's really about how the market views who will weather all this better, and my money is on the U.S.»
«The August reading on existing home sales was inflated to a degree by pent up demand from the prior month. But it also showed that the housing market should be well maintained at current interest rates.»
«The figures leave little doubt that declines in mortgage interest rates have provided support for housing,»
«Inflation has not been a problem despite high oil prices, and economic indicators show the economy is heading for a soft landing.»
«If the tone of the December report is similar to this one, the Fed could ease policy at [next month's] meeting.»
«I think they will ease policy at that time,»
«Low unemployment may limit the next move (to a quarter-percentage point rate cut), but another rate cut at the January 31 meeting is likely,»
«The index was well behaved last year. And one monthly jump does not necessarily signal a shift in trend.»
«Price pressure makes it more difficult for the Fed to ease. But it does not preclude lower rates.»
«If housing is sliding, the Fed will have to step up its aggressiveness.»