Quotations
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Bernard Baumohl Quotes
«The current account deficit is a ticking time bomb. We don't know when it s going to explode, but it cannot continue the way the White House describes.»
Author: Bernard Baumohl
«With household finances already under considerable stress, one has to wonder if another round of rate hikes will lead to a more severe cutback in consumer spending.»
Author: Bernard Baumohl
«One has to wonder if another round of rate hikes will lead to a more severe cutback in consumer spending.»
Author: Bernard Baumohl
«The latest batch of economic news does not paint a very encouraging picture on the sustainability of consumer spending.»
Author: Bernard Baumohl
«Housing prices in many communities will appreciate less rapidly --- and in some communities actually fall. This reduces the wealth effect from real estate assets, shrinks home equity borrowing, and increases pressure on households to replenish their savings.»
Author: Bernard Baumohl
«We have unmistakable signs that households are becoming more cautious about spending.»
Author: Bernard Baumohl
«With borrowing costs on the rise and the wealth effect from real estate assets diminishing, something has to give.»
Author: Bernard Baumohl
«The economy is generating plenty of jobs -- that's good news.»
Author: Bernard Baumohl
«If you take a snapshot of the economy right now, you could certainly say that we're in a sweet spot.»
Author: Bernard Baumohl
«A miscalculation in interest rate policy could damage the economy and force the Fed to reverse course later in the year by giving back one or two rate hikes.»
Author: Bernard Baumohl