We should see an upward revision to fourth-quarter GDP based on this trade number. But whatever it does to the GDP, it does not suggest that we're starting on a big roar of strength.
More Quotes from Maureen Allyn:
So far, layoffs have been bad, but the job market has held up pretty darn well. If companies really get the axe out more than they have, that sets a bad dynamic in motion. That's what's got to give Federal Reserve Chairman Alan Greenspan nightmares.Maureen Allyn
I think we are heading into the worst of it. Investors think there we're heading towards a recovery in the next six months and I hope that they are right, but I just don't see the valuations for a huge rally going forward.
Maureen Allyn
Private sector credit from 1999 through the first half of 2001 was adding 1.2 trillion per year. It was the mother of all credit expansions.
Maureen Allyn
The Fed is very happy to see this kind of stabilization, but they're going to be worried about inflation and credit. Honestly, I think the Fed understands how fragile a position the economy is in because when you slow down this fast it sets a lot of stuff in motion. They want to get ahead of that and make sure it doesn't get worse.
Maureen Allyn
There's a difference between being stable and starting to grow again. I think that's what we're hearing from companies, too - the worst may be over, but we really don't see the upside coming, and that's what these jobless claims suggest.
Maureen Allyn
I'm surprised we're seeing this little amount of weekly claims because we keep hearing the announcements. There have to be more layoffs in the pipeline.
Maureen Allyn
Readers Who Like This Quotation Also Like:
Creation implies authority in the sense of originator. The possibility of a 'Fall' is implied in a Covenant insofar as the idea of a Covenant implies the possibility of its being violated.Kenneth Burke
A word is dead when it is said, some say. I say it just begins to live that day.
Emily Dickinson
All news is an exaggeration of life.
Daniel Schorr