“[If so, it could only help stocks, which rise with cash flows, as we saw in the go-go 1990s.] You cant have go-go without flow-flow, ... Its always easy money that creates the speculative excesses in global booms.”
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“That could be bullish for the stock market if the household sector concludes that real estate is not the place for speculative gains any more.”
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“Their systems could be so disrupted that they cant go on with business. They cant export, they cant import. Its hard to place a phone call into Brazil. Its hard to get the parts from Taiwan. All that could add up to a global recession that could still impact our economy.”
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“The reality is that the economy is in great shape. Its created lots of good jobs?not bad jobs. We havent created a whole bunch of hamburger flipping jobs.”
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“The average Americans real income and consumption is the highest its ever been.”
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“Its going to be very hard to find anybody on Wall Street who can complain about Bill Clinton with the kind of performance weve had in the stock market.”
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“The economys doing well, [and] Bill Clintons in the White House. Hence, it follows that the administration must be good for the economy. But thinking back, I think the administration promoted all sorts of policies that if they were actually allowed to implement them, they probably would have screwed up the economy big time.”
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“We have two surprises in our economy: better-than-expected growth and lower-than-expected inflation, and the growth is based on productivity, ... People are working harder. Theyre generating more products efficiently at lower prices.”
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“Im actually very pleased to see they decided not to raise rates because its really not justified by the performance of this economy,”
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“Now, I think you have to add an entire percentage point”
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