It's like the kid doesn't want to take any medicine, but it's good for him, ... It's a little medicine now versus a lot of bad medicine later.
More Quotes from David Orr:
We seriously doubt this report will dissuade the Fed from a 50-basis-point hike today. But if the May 'core' report is also benign and May retail sales are only moderate, that could cause the Fed to take a pass at the June 28 meeting.David Orr
Increased interest rates might also mean a smaller pay raise as well as a more gradual increase in the value of your investments. But slower may be surer. In the late 1970s and early 1980s, people were getting 10 percent pay raises, ... But housing prices were going up 12 to 15 percent, and so were cars.
David Orr
We're getting a flip with these numbers, ... We had been seeing all year long the consumer doing well and the manufacturing sector doing poorly. Here, consumer confidence has fallen, but there's a hint of the manufacturing sector stabilizing.
David Orr
My belief all along is the unemployment rate is the key to consumer behavior, ... A 4.5 percent unemployment rate would be more than a half a percentage point above the low of 3.9 percent. If unemployment goes up a half percentage point from its trough, you almost always get a recession subsequently in the next 12 months. There is a snowballing effect that begins to happen once you get too much past that size increase. While it might take a nice round 5.0 percent rate before people get panicked, the snow may already be rolling over them by then.
David Orr
It's not as bad as we thought, but it's still going in the wrong direction.
David Orr
Not bad, but less than the 18 percent (annual rate of growth) in the second quarter and 26 percent (rate) in the first quarter.
David Orr
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Based on Topics: Medicine & Medical QuotesThat neither our thoughts, nor passions, nor ideas formed by the imagination, exist without the mind, is what every body will allow.
George Berkeley
It was all about flying round the world, working hard, being on the cover of Vogue, making money. It wasn't fun. It was exhausting, but I was young and convinced I knew best.
Rachel Hunter
The pursuit of excellence is less profitable than the pursuit of bigness, but it can be more satisfying.
David Ogilvy