David Orr Quotes

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

When we heal the earth, we heal ourselves. - David Orr

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

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

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

We're getting a flip with these numbers, ... We had been seeing all year long the consumer doing well and the manufacturing sector doing poorly. Here, consumer confidence has fallen, but there's a hint of the manufacturing sector stabilizing. - David Orr

We would not argue the gradual year-to-year increase in unit labor costs is not of concern at the Fed, but are convinced that none of today's data will impact their decision [at their next meeting] on Oct. 5. - David Orr

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

We are in the second half of the season, and he needs a bit more speed. - David Orr

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