Michael Woolfolk Quotes

Unless the Bush administration is capable of cutting the current account deficit in half, the dollar's decline is destined to continue. - Michael Woolfolk

Unemployment has drifted further below 5 percent, and at those levels you have to start being concerned about bidding up of wages. There's a compelling reason to hike interest rates at the next meeting. - Michael Woolfolk

This was undeniably a positive report. Today's report could very well tip off a strong, albeit short, week for U.S. economic data. - Michael Woolfolk

This was a report that was made to order for dollar bulls. The market was predisposed to buy dollars and the report added gasoline to the fire. - Michael Woolfolk

This report is nothing short of remarkable. The formula for a strong dollar is strong growth, tight monetary policy and loose fiscal policy. The U.S. happens to have all three. Private investors are comfortable investing in a country like the U.S. - Michael Woolfolk

This has had a psychological effect on the markets. For those of us left in the office, we're just watching to see just how high the 10-year will go today. - Michael Woolfolk

This certain beats even the most optimistic forecasts. - Michael Woolfolk

This bodes well for hopeful dollar bulls in the event that the U.S. retail sales or producer price index surprise on the upside [Friday]. - Michael Woolfolk

These are ideal conditions for speculators to push spot prices around. The dollar appears to be testing new lows against the yen. The price movements are not supported by fundamentals. - Michael Woolfolk

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