Not bad, but less than the 18 percent (annual rate of growth) in the second quarter and 26 percent (rate) in the first quarter.
More Quotes from 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.David Orr
We're looking at an innovative non-standard way to float the company, that may involve giving existing shareholders priority in any offering. We're not ruling anything out.
David Orr
It's not as bad as we thought, but it's still going in the wrong direction.
David Orr
The soap opera will continue. I wouldn't take them off stage altogether as some people are doing.
David Orr
The more stable picture in the total index and the lessening pace of decline in orders would fit with the idea of a 25-basis-point (0.25 percent) reduction on May 15 instead of the more aggressive 50-basis-point (0.5 percent) (cuts) of recent months.
David Orr
But that's if economic conditions become far worse than they are now, ... It's a bit like saying 'if the sun doesn't come up tomorrow then crops will fail,' or 'the world may end if it gets hit by a meteor.'
David Orr
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