66 ordspråk av David Orr

David Orr

David Orr föddes den 10 mai 1922
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For the past six months we've all been wondering when consumers would come back down to earth from their stratospheric orbit. It looks like it's finally happened.

The fact that the boom is ending should not be interpreted as indicating any serious trouble for builders or realtors -- unless, of course, some overextended on debt in expectations that sales would continue to accelerate. Prior to the recent explosion in sales, a level of 700,000 had been considered very strong. The current trend should be viewed as a return to normalcy rather than as the beginning of a housing recession.

It does fit in with [Fed Chairman Alan] Greenspan's perception that we're past the peak of consumer spending binge. He doesn't want consumer spending to be slow, but he wanted it to back off from stratospheric levels.

This report may modestly lower third-quarter real GDP estimates.

Importantly, on a year-over-year basis, the core CPI continued to inch higher.

As is evident, a clear deceleration appears to be underway. The gain was not large enough to recoup the 13.1% month-over-month decline in July.

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.

The fear is that landslides will further hamper our operations.

On the whole, there are not many people [at Hopkins] who are politically active.

It is a complicated for the judges to administer. It should be an easier system for our voters to use.

It seemed serious that he fired bullets into the trailer. One had gone clear through the other side.

They decided they were going to go and get some revenge.

become ground zero in this movement.

In our view, current financial market psychology is under-estimating the negative impact that rising joblessness will have on the housing and motor vehicle markets in the first half of 2002,

We have often noted the Fed tries to choose a policy action that minimizes the consequences of a mistake. Which would have the least negative consequences today: easing too much and setting off an excessively strong rebound or easing too little and allowing the economy to slip back into recession? We would vote for the former.

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