Bernard Baumohl Quotes

With the housing sector now cooling and interest rates rising, the home equity cash faucet (which has been feeding consumer spending) is about to dry up. - Bernard Baumohl

With household finances already under considerable stress, one has to wonder if another round of rate hikes will lead to a more severe cutback in consumer spending. - Bernard Baumohl

When consumers are burdened with heavy debt loads, rising interest rates, higher energy costs, no personal savings and household income growth that falls below inflation, something had to give. - Bernard Baumohl

We have unmistakable signs that households are becoming more cautious about spending. - Bernard Baumohl

This is the latest sign that the economy is slowing down, and because these are labor numbers, they're going to have particular weight with the Fed. This is the kind of news that could take some of the uncertainty out of the markets and get stocks going up again. - Bernard Baumohl

There is a real sense of foreboding about the economy now that Katrina has struck with full force. This storm will be the most devastating ever for the U.S. oil and refining industries. - Bernard Baumohl

There are signs that indicate economic strength might strain the economy, which would cause inflation. - Bernard Baumohl

The tech industry is creating its own shakeout. - Bernard Baumohl

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