Quotations
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Michael Woolfolk Quotes
«The people who believe that the inversion of the yield curve is a signal of recession have it wrong this time.»
Author: Michael Woolfolk
«The reason why an inverted yield curve need not foreshadow recession this time is that it is foreign investors and not domestic investors who are increasingly buyers of U.S. bonds.»
Author: Michael Woolfolk
«This bodes well for hopeful dollar bulls in the event that the U.S. retail sales or producer price index surprise on the upside [Friday].»
Author: Michael Woolfolk
«Any time you have credible evidence of terrorism in the U.S. or abroad, it works against the dollar.»
Author: Michael Woolfolk
«But the tape will not be as important to the market as new data.»
Author: Michael Woolfolk
«I don't think it is possible for Iran to take money out of both the United States and Europe. There are just not sufficiently deep or liquid markets to place these sums of money.»
Author: Michael Woolfolk
«The weekend 'No' vote was deemed to be negative for the euro and has sent the euro/dollar into a new trading range, ... It is quite possible that in the coming weeks we could get as low as $1.20 before the market decides that it has bought enough dollars for the time being.»
Author: Michael Woolfolk
«Unless the Bush administration is capable of cutting the current account deficit in half, the dollar's decline is destined to continue,»
Author: Michael Woolfolk
«The CDU and Social Democrats really have very different views on social models, spending and economic reforms, and its very doubtful they will make much headway in the near term. The euro is out of favor right now.»
Author: Michael Woolfolk
«Unless the Bush administration is capable of cutting the current account deficit in half, the dollar's decline is destined to continue.»
Author: Michael Woolfolk