Lacy Hunt Quotes

When [consumers] shift their income stream from purchases to saving, it slows GDP, and that's a long-term process... I think interest rates are going to remain very low for a couple of years.

- Lacy Hunt

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Consumers | Shift | Income | Stream | Purchases |

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As a stimulus proposal, it's a non-starter. The economic impact is very, very small -- almost imperceptible. - Lacy Hunt

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. - Lacy Hunt

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