Bill Cheney Quotes

By mid to late October, you're getting into the fourth quarter, and people are starting to look at their year-end results and deciding whether they can bail out now and still look good for the year. That's going to be as true now as it was (in 1987).

- Bill Cheney

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Late | October | Fourth | Quarter | People |

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I don't really see this as down; it's really flat. We're still at a level well above the post-Sept. 11 low; and so long as it doesn't trend downward, I'm comfortable with the idea that consumer spending is going to hang in there. - Bill Cheney

Looking ahead beyond the current gloom, there is a serious risk that we already have inflationary forces baked into the system. By late spring, the Fed could be cranking up interest rates even faster than they cut them. - Bill Cheney

Oil producers are squabbling over production cuts, and a price war seems possible. If they can't get their act together, prices could fall further and stay down for another three to six months. That's more money in consumers' pockets and even more stimulus for the economy. - Bill Cheney