Lacy Hunt Quotes
The Fed's raising rates is highly doubtful... The road to recovery will be very difficult and very uncertain. Inflation will continue working its way lower. 
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Raising | Rates | Highly | Doubtful | Road |
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In the past two years, we've seen the budget go from surplus to deficit, adding about $400 billion of stimulus to the economy, but we've still lost 2.5 million private-sector jobs.
- Lacy Hunt
This economy is too fragile to sustain this type of severe rate rise; the consumer sector is leveraged up the gourd. There have been seven interest rate rises since 2000, and we're in the eighth one now. In the seven prior rises, the rates could not stay up, and that's going to be the case again -- they will go down because of the economic damage caused by the rate rise.
- Lacy Hunt