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Quotations
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Joel Naroff Quotes
«They're giving a few more dollars to people who have home equity credit lines, which is really about the only place left where the Fed is helping. We're really not talking about a whole lot of impact.»
Author: Joel Naroff
«The stunning drop in import and export prices in October is the clearest indication that economies around the world, not just in the United States, were hit hard by the Sept. 11 tragedy.»
Author: Joel Naroff
«The sudden stoppage in U.S. activity hurt oil demand, and we have seen petroleum prices plummet as a consequence, ... But as the U.S. economy slowed, so have other economies, and export prices tanked as well.»
Author: Joel Naroff
«With import prices collapsing, the Fed has little to fear as far as inflation in concerned,»
Author: Joel Naroff
«Households understand things before businesses do, and unemployment is a lagging indicator for that reason. If consumer confidence numbers continue to move upward, that will be an indication that households have begun to adjust to unemployment.»
Author: Joel Naroff
«Five years ago, people thought 6 percent unemployment was darn well getting to full employment, ... Even if hits 6 percent, we still have 94 percent of the labor force working.»
Author: Joel Naroff
«When energy costs stop falling, we may not be looking at such wonderful numbers, ... For now, the Fed can push inflation into the background. But when the economy is back up and running, they may want to revisit the 'inflation is licked' thing.»
Author: Joel Naroff
«The Fed should see that the strength of the economy, housing, remains such, and with unemployment claims continuing to shrink, there is less and less need for another rate cut.»
Author: Joel Naroff
«If the [Fed] wishes to wait an extra meeting before it raises rates, the inflation data currently give the members free hand to do so.»
Author: Joel Naroff
«Though the rise in consumer demand was not great, the strong increases in big-ticket items indicates that households are still confident and willing to spend,»
Author: Joel Naroff
