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Letter "S" » Stephen Stanley Quotes
«Clearly, reports of the housing market's demise have been greatly exaggerated.»
«He's thinking about legacy building at this point and the one thing he doesn't want to do is leave at the top of an immense bubble and have it burst soon after he leaves. He kind of touched on it yesterday in relation to the housing market.»
«The bottom line is that, excluding the hurricane, to the best that we can tell, job growth continues to be good, as was made clear by the upward revisions to the previous two months.»
«The market seems to be betting that the storm won't have a long-term impact, but that really depends on how much the storm disrupts the oil infrastructure, something we may not know for weeks.»
«It is still far too soon to say how the economy will respond to Katrina, but so far, so good. Things are improving so far about as quickly as could be expected.»
«Clearly, Fed officials are more worried about the threatening things that they see (energy spike, eroding slack, etc.) than the benign core consumer price index readings.»
«The 'economy is weakening' crew will have a field day with this report. But until we see two weak numbers in a row, I am absolutely unconvinced. . . . Disappointed? Definitely. Changing our big picture view? No.»
«We know that a flood of Katrina-related claims is coming. The magnitude and the timing are uncertain, but the figures will clearly be boosted sharply very soon.»
«The levels in July were too high for the reality of what is truly going on in manufacturing. The move back in August is to a more realistic level.»
«The question now is what impact the hurricane has on the economy and for how long.»

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