Quotes by Ed McKelvey

“It defies common sense and lots of careful research to think that the highest-rated credit on the planet can borrow half a trillion dollars a year without pushing aside some private investment and ultimately hurting productivity growth.”

“It may just be that, in this slow-motion labor market that we have, a lot of younger people have opted for schooling that will take them out of the job market for a while,”

“The prospect for price improvement depends on the performance of the Asian and European economies, who are big users of metals, and the prospects are getting better. Theres still a lot of uncertainty there, but relatively speaking the signs are fairly encouraging.”

“Movements in the unemployment rate will tell Fed officials whether growth is absorbing unused capacity.”

“Seen in this light, ... the employee discount program was an enormously successful marketing coup.”

“The fiscal picture wasnt very good before and its worse now.”

“Whenever you have a collapse in a particular output price -- and we certainly saw a lot of that following Asias decline -- it places a lot of pressure on companies to deal with keeping their revenues up. In that context consolidation isnt a big surprise.”

“Its debatable how much the dividend-tax elimination will stimulate the economy, particularly in the short run.”

“We see sturdy hiring as a factor that continues to support U.S. economic growth.”

“At the margin they reinforced our growing sense that Fed tightening might stop before the federal funds rate reaches the 5 percent level we are currently forecasting.”