Rob Carnell Quotes

We cannot begin to quantify the potential damage in terms of gross domestic product, but a realistic scenario might be GDP declines in the tens of percent... In the case of slower growing economies such as Europe or Japan, a decade's economic growth could be wiped out.

- Rob Carnell

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Alan Greenspan...will likely add flesh to the bones of the FOMC statement. We believe there can be little doubt that Greenspan's testimony will be hawkish. - Rob Carnell

But while the market seems to have bought the story of further Fed tightening almost in its entirety, they do not yet seem to be taking the next step and considering what this will do to the economy. - Rob Carnell

The initial impression ... was of a chairman who did not want to shock the markets. The general tenor of the prepared remarks was that he would not take any chances with inflation, while retaining the risk management approach of his predecessor. - Rob Carnell