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James Padinha Quotes

«I couldn't believe it -- first time in 10 years they did the right thing. Obviously, I think it's perfect.»
Author: James Padinha
«There's a risk to someone assuming this hero-type status because then there's the temptation you're going to lean toward believing him no matter what says -- and that's potentially dangerous.»
Author: James Padinha
«I feel strongly that a ham sandwich with a scepter would be a fine Fed chairman. In fact, I think a ham sandwich with a scepter might do a better job because it wouldn't be politically motivated.»
Author: James Padinha
«I would characterize [the current situation] as a mix between price stability and the potential for slightly annoying inflation numbers going forward.»
Author: James Padinha
«It's generally the case that if you push through tax cuts, over time, it will stimulate activity; and as growth accelerates, you'll start to get revenue increases back.»
Author: James Padinha
«We've been seeing double-digit declines in confidence for more than a year, yet people don't mind buying a new car or a truck or trading up for a new house or taking out a second mortgage -- you would think these people have guns to their heads. We feel so lousy, but it sure doesn't seem like we're behaving that way.»
Author: James Padinha
«People aren't arguing about the third quarter, they're arguing about what is going to happen now.»
Author: James Padinha
«I'm expecting Friday's numbers to print poorly. If that happens I will tell clients they should expect the Fed to cut by a half point.»
Author: James Padinha
«What is most likely, assuming a relatively quick end to war in Iraq, is a more robust economy with increased, but not problematic, inflation pressure. After that, however, the scenario of stagflation is a very real possibility.»
Author: James Padinha
«Once the excesses got to the point where the Fed had to do something about them, the kinds of rate hikes we eventually did see had an outsized impact on the economy -- which ended up tanking, and then the Fed had to ease drastically.»
Author: James Padinha

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