James Annable Quotations

If the world gets the idea that this is the end of Fed tightening, the stock market will probably like that and you will have higher stock averages. What it boils down to, in terms of the economy, is the standard of living for wage earners is significantly higher. For (George W.) Bush, he has to neutralize that and for (Al) Gore, he has to figure out how to capitalize on that.

I think investors underestimated (Fed Chairman) Alan Greenspan's sense of show business.

There are enormously long lags from a change in exchange rates to impact on production and employment. ...The dollar has already weakened and frankly this kind of move isn't going to matter very much.

It really is a question of how well the public responds to this. If everybody wants to convert their deposits into cash, there's going to be a big demand for cash during that period. It's unnecessary .

Once we read the speech we knew it would be a gradual increase, ... The Fed doesn't want to be aggressive without the smoking gun of inflation.

The economy is not in a recession. This economy had enormous spending imbalances that it had to work out.

What the market's figuring out is the Fed is coming toward an end of this movement,

Everything was out of balance and part of figuring out where we are now is figuring out where we were and how many imbalances were built into the economy.

They simply don't want a recession. It's an insurance policy.

The great problem with doing that in real time is people live in real time and almost everybody's default forecasting method is to extrapolate the recent past.