Bernard Baumohl Quotes

The current account deficit is a ticking time bomb. We don't know when it s going to explode, but it cannot continue the way the White House describes.

- Bernard Baumohl

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Current | Account | Deficit | Ticking | Time |

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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

People are going to be less inclined to drive to shopping centers. Instead, they're going to stay at home and if they carry on their usual holiday spending patterns then they will do it more likely online. - Bernard Baumohl

The higher interest rates go, the more lucrative bonds and T-Bills are. When 30-year bond yields get over 7 percent, with absolutely no risk, money gets shifted out of the techs and put elsewhere. - Bernard Baumohl