Quotations
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Rory Robertson Quotes
«Rising oil prices are quite unhelpful, and falling prices are quite helpful in terms of giving stimulus to the economy. Lower prices feed through pretty well to everyone immediately.»
Author: Rory Robertson
«This number doesn't tell us much at all -- the seasonal factors are all over the shop. It only means something if it's maintained over the next several weeks.»
Author: Rory Robertson
«If the economy and equity markets ... remain weak post-Iraq, the Fed will be forced to cut rates further, but that's not something [Greenspan] will be keen to chat about. The Fed clearly feels that part of its job is to whistle a happy tune.»
Author: Rory Robertson
«1.85 million new homes being built per year in a population of 290 million and growing doesn't seem to be outrageous.»
Author: Rory Robertson
«While [Fed policy-makers] have suggested a need to see weak post -war data before being convinced of any need to cut ... it is entirely possible that the recent pre -war data have been sufficiently shocking ... to make a majority of them keen to move before the next meeting.»
Author: Rory Robertson
«The Fed ultimately will be forced to cut rates further because we have had this ongoing issue of sub-par growth, disappointment on the jobs front and core inflation edging lower. People are talking about a terrific snap-back in the economy after the war, but I'm skeptical we're likely to see it.»
Author: Rory Robertson
«The longer the Fed drags this out without cutting rates, the more they're admitting they don't have much firepower at all. They're sitting on their hands, hoping for the best.»
Author: Rory Robertson
«I think it's going to be 50 basis points because the Fed is worried about the economy, and I think the accompanying statement will reflect that.»
Author: Rory Robertson
«I'm not sure how markets might react. On one hand, you could see the shorts kicking in, pushing it higher, but on the other hand, you could see investors feeling a bit nervous because the Fed is saying things are worse than they thought.»
Author: Rory Robertson
«All the good growth is in the forecasts, in the idea that financial conditions have eased. But we've seen that doesn't always turn into actual good growth.»
Author: Rory Robertson