Lacy Hunt Quotes

The net effect was to induce a tightening mode in the markets, in bank lending and in total bank reserve growth, while [interest rates] rose significantly, especially for corporate bond issues. In retrospect, that's not looking very smart.

- Lacy Hunt

Tags

Effect | Induce | Tightening | Mode | Markets |

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The risk to the economy is that we lose the consumer -- and I think we are losing the consumer. - Lacy Hunt

Powerful restraining forces are impacting the consumer, and this will result in slower growth in the latter part of this year and into 2005. - Lacy Hunt

The Fed was given control of margin lending in response to the excess speculation in the 1920s. - Lacy Hunt