Oscar Gonzalez Quotations

Record crude prices usually mean record trade gaps. Nobody sees relief on the energy front any time soon.

Energy prices stopped rising in July, and so did the PPI. So the worst may be over.

Energy prices stopped rising in July, and so did the PPI, ... So the worst may be over.

The latest economic releases are just another sign that the economy is quite sick. I am quite confident the Fed will react aggressively.

The trade gap is a canyon and I see no reasonable expectation of it narrowing anytime soon.

The trend is now clear. Inflationary pressures are building and prices are rising; only the pace remains at issue. September's figures may prove to be just a spike, but we can't dismiss the growing risks of a sudden acceleration in inflation.

I don't think recent price data suggests that inflation is dead. The Fed has to worry about whether or not it is keeping inflation under control and it would probably like to err on the side of caution.

Before the Fed went ahead and raised by a half-point, it would probably choose to eliminate the measured language.

Today's figures simply reflect an economy still emerging from a recession; there's certainly nothing here to suggest inflation rising from the ashes. In terms of impact, it might as well be ancient history, especially now. The Federal Reserve is back to worrying about where inflation will be in six months, not where it was last month.

The report isn't so tame as to deter the Fed from bumping rates another notch, especially with Y2K fears dissipating and consumers showing no signs of fatigue. However, it should ease market fears that the Fed will need to tighten several more times.