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Letter "S" » Stephen Stanley Quotes
«The main story was oil. Volumes and prices both rose in June, so petroleum imports jumped sharply.»
«The U.S. economy is simply stronger than that of most of our trading partners and modest currency movements have proven insufficient to remedy the balance.»
«The report follows the recent pattern of strong growth and no inflation.»
«It is definitely clear that (housing) is one area where you will see less growth,»
«The consumer never really missed a beat, and now attitudes are beginning to catch up to reality. Once again, watch what they do, not what they say.»
«The still-massive swing in the pace of stockpiling in the second quarter sets the stage for an explosive third quarter.»
«Katrina is a little bit different because you're also threatening the energy system. We're still trying to figure out exactly where we are on that. The near-term implications are pretty extreme.»
«Not only will the market be surprised if we get to a 4.25 funds rate at the end of year, but 4.25 is by no means going to be the end. You're going to see a significant backup in yields to reflect that.»
«The case for continued rate hikes has become, if anything, more compelling since Katrina.»
«Fed officials have made clear that their heightened inflation concerns are related more to the outlook than the present situation. Thus, inflation fears have intensified even as core measures of prices have been exceedingly well behaved.»

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