33 Total Quotes

David Orr Quotes

For the past six months we've all been wondering when consumers would come back down to earth from their stratospheric orbit. It looks like it's finally happened.
David Orr Permalink
#Earth

For the past six months we've all been wondering when consumers would come back down to earth from their stratospheric orbit, ... It looks like it's finally happened.
David Orr Permalink
#Earth

The soap opera will continue. I wouldn't take them off stage altogether as some people are doing.
David Orr Permalink
#Opera

The more stable picture in the total index and the lessening pace of decline in orders would fit with the idea of a 25-basis-point (0.25 percent) reduction on May 15 instead of the more aggressive 50-basis-point (0.5 percent) (cuts) of recent months.
David Orr Permalink
#Decline

When we heal the earth, we heal ourselves.
David Orr Permalink
#Earth

In our view, current financial market psychology is under-estimating the negative impact that rising joblessness will have on the housing and motor vehicle markets in the first half of 2002,
David Orr Permalink
#Psychology

We have often noted the Fed tries to choose a policy action that minimizes the consequences of a mistake. Which would have the least negative consequences today: easing too much and setting off an excessively strong rebound or easing too little and allowing the economy to slip back into recession? We would vote for the former.
David Orr Permalink
#Action

We're looking at an innovative non-standard way to float the company, that may involve giving existing shareholders priority in any offering. We're not ruling anything out.
David Orr Permalink
#Company

It's like the kid doesn't want to take any medicine, but it's good for him, ... It's a little medicine now versus a lot of bad medicine later.
David Orr Permalink
#Medicine

[Increased interest rates might also mean a smaller pay raise as well as a more gradual increase in the value of your investments. But slower may be surer.] In the late 1970s and early 1980s, people were getting 10 percent pay raises, ... But housing prices were going up 12 to 15 percent, and so were cars.
David Orr Permalink
#Interest

The report will not comfort the Fed, despite the good headline data, ... The news further back in the pipeline was not good.
David Orr Permalink
#Comfort

[The results] are great for builders, great for sellers of home building products and consumer household products, and great for growth, ... But, the dramatic strength in both units sold and in prices are both more fuel for a more aggressive Fed.
David Orr Permalink
#Home

We seriously doubt this report will dissuade the Fed from a 50-basis-point hike today. But if the May 'core' report is also benign and May retail sales are only moderate, that could cause the Fed to take a pass at the June 28 meeting.
David Orr Permalink
#Doubt

While the monthly data is often erratic and the government statisticians warn that it takes four months to establish a change in trend, it is pretty clear from the top chart that the explosion in housing from 1997 through early 2000 is ending.
David Orr Permalink
#Government

Not bad, but less than the 18 percent (annual rate of growth) in the second quarter and 26 percent (rate) in the first quarter.
David Orr Permalink
#Growth

(Fed Chairman Alan) Greenspan thinks consumer confidence is important, and if he thinks so I guess we should think so,
David Orr Permalink
#Confidence

The Fed views potential inflation as last year's problem. This year, they will be focused on promoting a rebound in growth.
David Orr Permalink
#Inflation

Things obviously got away from them. But by acting in such dramatic fashion, the Fed sent a loud signal to participants in both the financial and the business sectors that the Fed will fight the threat of recession as vigorously as it fought the threat of inflation.
David Orr Permalink
#Acting And Actors

Several forecasters have recently indicated they believe the U.S. economy is already in recession,
David Orr Permalink
#Economy

It's not as bad as we thought, but it's still going in the wrong direction.
David Orr Permalink
#Direction

This plunge could reflect shock and could rebound if consumers keep buying cars and visiting malls as much as anecdotes indicate they have in recent weeks.
David Orr Permalink
#Anecdotes

What they [Fed officials] and we are concerned about is the 'staying power' of [consumer] spending in 2002. In particular, there is room for a large decline in motor vehicle sales in the January retail sales report.
David Orr Permalink
#Power

More people could die in the aftermath from lack of shelter and food than in the earthquake itself.
David Orr Permalink
#Food

Initially, we estimated the number of people in need was about one million and we had reached about 50 percent of them. We've had a food security team in the field and they've revised the estimate up quite dramatically.
David Orr Permalink
#People

People have been saying shelter, shelter, shelter but there is no point having a tent if you are cold and hungry inside.
David Orr Permalink
#People

We're much more upbeat now than a few weeks ago when there was a sort of creeping anxiety.
David Orr Permalink
#Anxiety

In the late 1970s and early 1980s, people were getting 10 percent pay raises. But housing prices were going up 12 to 15 percent, and so were cars.
David Orr Permalink
#People

My belief all along is the unemployment rate is the key to consumer behavior, ... A 4.5 percent unemployment rate would be more than a half a percentage point above the low of 3.9 percent. If unemployment goes up a half percentage point from its trough, you almost always get a recession subsequently in the next 12 months. There is a snowballing effect that begins to happen once you get too much past that size increase. While it might take a nice round 5.0 percent rate before people get panicked, the snow may already be rolling over them by then.
David Orr Permalink
#Behavior

Despite the discouraging headline that CPI inflation rose, there was actually more to be encouraged than discouraged about in this report, ... Since it is already known that gasoline has dropped sharply in October, that September rise can also be ignored.
David Orr Permalink
#Inflation

BT paid £10 billion more than it should have... especially in auctions in the UK and Germany.
David Orr Permalink
#Germany