Quotations
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David Orr Quotes
«(Fed Chairman Alan) Greenspan thinks consumer confidence is important, and if he thinks so I guess we should think so,»
Author: David Orr
«The Fed views potential inflation as last year's problem. This year, they will be focused on promoting a rebound in growth.»
Author: David Orr
«Things obviously got away from them. But by acting in such dramatic fashion, the Fed sent a loud signal to participants in both the financial and the business sectors that the Fed will fight the threat of recession as vigorously as it fought the threat of inflation.»
Author: David Orr
«Several forecasters have recently indicated they believe the U.S. economy is already in recession,»
Author: David Orr
«But that's if economic conditions become far worse than they are now, ... It's a bit like saying 'if the sun doesn't come up tomorrow then crops will fail,' or 'the world may end if it gets hit by a meteor.'»
Author: David Orr
«The more stable picture in the total index and the lessening pace of decline in orders would fit with the idea of a 25-basis-point (0.25 percent) reduction on May 15 instead of the more aggressive 50-basis-point (0.5 percent) (cuts) of recent months.»
Author: David Orr
«There's definitely that possibility, although one of the things the Fed wants to get away from is slavishly bowing to that lather, ... I'm still expecting a quarter point cut. There's a concern by some members of the Fed that they risk over stimulating the economy. And if you keep making half-point cuts, you'll run out of bullets pretty quickly.»
Author: David Orr
«It's not as bad as we thought, but it's still going in the wrong direction.»
Author: David Orr
«We're getting a flip with these numbers, ... We had been seeing all year long the consumer doing well and the manufacturing sector doing poorly. Here, consumer confidence has fallen, but there's a hint of the manufacturing sector stabilizing.»
Author: David Orr
«This plunge could reflect shock and could rebound if consumers keep buying cars and visiting malls as much as anecdotes indicate they have in recent weeks.»
Author: David Orr