John Silvia Quotes

You have the Baby Boomers having the resources to buy condominiums, betting on the increase in value in the next six months... That activity may be the first to feel the crunch if the housing bubble bursts. - John Silvia

You could have dismissed it six months ago as a one-time hit. - John Silvia

You can no longer make the argument that there is a lot of excess capacity out there. The bias on inflation is a little bit to the upside and the Fed has to be careful about that. - John Silvia

What you're seeing is that inflation is rising... It's still at a low level, but you know what the trend is. The question to ask is, How much is too much? At what point does the Fed say it's risen enough that we don't want it to go any higher? That's the difficult question to answer. - John Silvia

We're expecting housing to be flat in the second quarter and a drag on economic growth in the third quarter and fourth quarter. - John Silvia

We went from adding zero to 50,000 jobs per month up to adding 300,000 jobs per month. Now we're going to adding 200,000 per month. Going from 300,000 to 200,000 means we've gone from a recovery to an expansion. - John Silvia

We definitely have to figure that once tax filing season is done and tax refunds are cashed, we do expect consumer spending will slow down in the second half of this year... I don't see any way to fudge that (higher financing costs). You're not getting the employment gains or wage and income gains to offset that. - John Silvia

We avoided the sticker shock from high heating bills in October because it was so warm. If it stays warm through Thanksgiving, we should have a good holiday shopping season. - John Silvia

We are currently estimating first-quarter US real gross domestic product growth at 5.3 per cent and feel the risks are nearly uniformly stacked on the upside. - John Silvia

Today's labor market does not fit the mold of the old models. The economy has recovered, and many of the old jobs are gone. - John Silvia

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