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Quotations
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David Orr Quotes
«We would not argue the gradual year-to-year increase in unit labor costs is not of concern at the Fed, but are convinced that none of today's data will impact their decision [at their next meeting] on Oct. 5,»
Author: David Orr
«For the past six months we've all been wondering when consumers would come back down to earth from their stratospheric orbit, ... It looks like it's finally happened.»
Author: David Orr
«The fact that the boom is ending should not be interpreted as indicating any serious trouble for builders or realtors -- unless, of course, some overextended on debt in expectations that sales would continue to accelerate, ... Prior to the recent explosion in sales, a level of 700,000 had been considered very strong. The current trend should be viewed as a return to normalcy rather than as the beginning of a housing recession.»
Author: David Orr
«It does fit in with [Fed Chairman Alan] Greenspan's perception that we're past the peak of consumer spending binge, ... He doesn't want consumer spending to be slow, but he wanted it to back off from stratospheric levels.»
Author: David Orr
«This report may modestly lower third-quarter real GDP estimates,»
Author: David Orr
«Importantly, on a year-over-year basis, the core CPI continued to inch higher,»
Author: David Orr
«As is evident, a clear deceleration appears to be underway, ... The gain was not large enough to recoup the 13.1% month-over-month decline in July.»
Author: David Orr
«It will no doubt buoy forecasters who see the recent slowdown in the economy as a temporary affair -- which includes the Fed,»
Author: David Orr
«Despite the discouraging headline that CPI inflation rose, there was actually more to be encouraged than discouraged about in this report, ... Since it is already known that gasoline has dropped sharply in October, that September rise can also be ignored.»
Author: David Orr
«The fear is that landslides will further hamper our operations,»
Author: David Orr
