Ken Mayland Quotes

"There will be a lot of rebuilding that is going to need to occur. These things do spur GDP growth."

"Accept this for what it is: an emotional reaction to tragic circumstances. But are people going to stop spending? No."

"Any long-term plan without an education component isn't a complete plan. We are seeing a brain drain."

"The economic expansion has matured to the point where corporate America feels it's safe to staff up."

"If you liked October, you are going to love November, ... because you can anticipate some further softness in these core items like new cars. G.M. has already announced the next incentive program."

"If the Fed is wrong and inflation runs too high, out of control, there can be a catastrophic loss of confidence in the Fed that has national and international implications."

"Auto sales at these monstrous levels, these gargantuan levels, cannot be sustained. They will come back to normal levels."

"We are still anchored down by our above-average dependence on the auto industry, which doesn't have much upside potential. GM is in a struggle for survival."

"I fully expect the economy to bounce back strongly in the first quarter. Auto sales will be stronger and inventories are still very lean, which points to a better first quarter."

"Holy Katrina! The economy weathered two major hurricanes and in spite of that showed accelerated growth. I think what this shows is that fundamentally the economy was and is in really good shape."

"It is inevitable that we will see a 1% or 1.5% decline in retail sales in an upcoming month as consumers become sated with new vehicles. ... This will not be an indication of any particular vulnerability."

"This gives us some confidence that overall consumer spending growth in Q1 will be a lot better than Q4, and by implication, Q1 GDP growth will be much better."

"There's no question we're getting back to better days for job creation. There's been a sense of unease in the American workplace and this should help relieve that. The economy is getting on off to excellent start in 2006."

"It's not just that the sales level was down but look at the difference between single-family and condos."

"Consumers are still willing to spend, even with the high energy prices, and capital investment is booming. By the second half of the year, we'll see the cumulative effect of interest- rate increases begin to bite and the economy slow."

"I think any number below 350,000 is associated with good job growth. I think we are definitely getting back on track for fundamentally good job generation."

"There is a great deal of fear and uncertainty out there. On the one hand it's sad to see peoples' lives disrupted and destroyed. On the other hand, people are worrying about how they are going to pay their gasoline bills and their home heating bills this winter. It makes for a pretty bleak view of the future."

"more of an emotional response to the recent woes and gives very little insight into consumer spending behavior."

"There's no question we're getting back to better days for job creation."

"This employment report neither screams tighten further nor shouts stop here. More information from other indicators is needed to determine the proper course of policy."