Quotations
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Bruce Steinberg Quotes
«This is a great PPI number. We have literally no wholesale inflation in the U.S. economy. The PPI went down, the core PPI was unchanged, and over the past year wholesale prices measured by the core PPI are barely up at all.»
Author: Bruce Steinberg
«We don't have any inflation problem. The CPI was a one-time aberration.»
Author: Bruce Steinberg
«They are very well acquainted with each another and I think they will have a good working relationship. So there will be continuity of policy. But still, I think Rubin's departure, at the end of the day, is still a loss.»
Author: Bruce Steinberg
«Larry Summers is a very capable guy. He's been Rubin's deputy for the last five years or so, and Rubin has been grooming him to take on the responsibilities of being the Treasury secretary.»
Author: Bruce Steinberg
«The market has just dodged a bullet. What this report does is remove the likelihood of a Fed tightening on Oct. 5, but we really can't rule out a tightening in November. We have to stay tuned for more economic data.»
Author: Bruce Steinberg
«The new economy is very, very much alive and well. This is that healthy shakeout of Internet companies that many of us have been talking about for months. Now it's time to sift through the rubble and see what's left standing -- and what will grow in its place.»
Author: Bruce Steinberg
«For recovery to have any real oomph, capital spending will need to rebound. So far there are no signs of that, and we don't expect a turn until the first half of next year. So in the near term, the economy will probably remain soft enough to justify at least one more Fed move.»
Author: Bruce Steinberg
«The path of the unemployment rate is the key to the timing of the Fed's initial tightening move. In our view, the Fed won't tighten until August at the soonest.»
Author: Bruce Steinberg
«In the first year of every recovery, inflation has fallen; and we think the core CPI will fall to 2 percent by year-end.»
Author: Bruce Steinberg
«It's appalling that the police department can enter into a contract that goes against the Constitution.»
Author: Bruce Steinberg