Peter Kretzmer Quotes

"The economy looks strong, as does the industrial base."

"[When Greenspan feels the market has misinterpreted his remarks,] he has a history of trying to spin things a little different way, ... But he probably feels pretty happy with the market reaction [this time]."

"Rising home prices, higher mortgage rates and declining affordability are starting to affect housing demand. Evidence continues to mount that the housing market is cooling off."

"If crude oil prices keep on rising, the chances that consumption is going to be hurt further down the line rises. That means the Fed could be more gradual in raising rates."

"The price of gold is not particularly well explained by monetary policy."

"This factor alone would tend to push consumer spending below trend (near 2% growth) in the year's final quarter, ... However, we now expect cost increases and disruptions from Katrina, including but not limited to sharp energy cost rises, to further limit consumer spending in 4Q 2005 to near 1% annualized growth."

"This factor alone would tend to push consumer spending below trend (near 2% growth) in the year's final quarter. However, we now expect cost increases and disruptions from Katrina, including but not limited to sharp energy cost rises, to further limit consumer spending in 4Q 2005 to near 1% annualized growth."

"That's consistent with the idea that labor market conditions are not really improving yet. They're not getting worse, either, but they've only stabilized."

"The huge U.S. trade deficit may finally be stabilizing."

"The overall weaker GDP number coming from the trade data does give you a more bullish feeling on Treasuries,"