Richard Berner Quotes

"The fourth quarter is going to be very sluggish, indeed. We'll see some improvement in the first quarter, but it's a slow grind."

"Reading (the Fed) has been trivially easy over the past year and a half, compared to what's it's going to be."

"The Fed truly wants to get inflation somewhat higher -- back into the comfort zone. Why not say where that comfort zone is?"

"I don't think home values will crash -- they will rust, not bust. Demographics have underpinned demand, courtesy of a wave of immigration in the past 16 years that reduced supply, and you don't see the speculative overhang that could contribute to a bust in home values."

"We believe the Fed will move further to contain future inflation risks."

"The US economy is currently in the midst of the most profound hiring shortfall of any modern-day business cycle."

"Energy prices will have to fall substantially and growth will have to improve to erase the feeling that the growth/inflation mix will be unpleasant."

"I believe that such fears are overblown. Advance labor-market indicators like Manpower's survey of businesses indicate that hiring plans are on the rise. So while it is true that job gains have been slow in coming, they typically are anemic in the early stages of recovery."

"I believe that such fears are overblown, ... Advance labor-market indicators like Manpower's survey of businesses indicate that hiring plans are on the rise. So while it is true that job gains have been slow in coming, they typically are anemic in the early stages of recovery."

"It's likely we got a decline in sales. We've had a drop in vehicle sales and it also looks like back-to-school was on the disappointing side."

"With many people fearing a profitless recovery, earnings will probably surprise to the upside."

"I think the surprise will be that housing prices and housing sales will decelerate, but the economy will do just fine."

"Ultimately, a weaker dollar will spur policy shifts abroad that will be good for global growth. Ultimately, that will help earnings as well."

"Home prices will rust, not bust, for the next few years."

"Why should people hold crude in tank farms if they think the price is going to come down?"

"I don't think there's any doubt that the uncertainty over Iraq has been corrosive, but it's by no means the only factor hindering growth. The hope that if you take away that uncertainty and you unveil a coiled spring is probably overdone."

"There's still quite a bit of slack in the economy, and you can't push through prices until you eliminate that slack."

"They will still go. Absolutely. Definitely. There's no question about it. They now have a little latitude to space the timing of the increases, but there's no question they will move."