David Powell Quotes

The U.K. is an eye-grabber. These are petrodollars coming from the OPEC countries through intermediaries in London. Petrodollars continue to be very sensitive to interest rate differentials.

- David Powell

Tags

Grabber | Petrodollars | Coming | Opec | Countries |

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The main driver of today's action as a whole was not the Canadian inflation report. It was the (net capital flows) data, which served to alleviate fears that the U.S. won't be able to fund its current account deficit. - David Powell

The 2001 recession hit us hard, and we've seen slow growth since then. We need a strategy to drive growth. - David Powell

I think it was a day of market psychology taking over and looking at those crude prices, because there was nothing else to pay attention to. - David Powell