Joel Naroff Quotes

With those kinds of prices, you can get on a plane and go to the Caribbean. And you don't have to bring linens.

- Joel Naroff

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Kinds | Prices | Plane | Caribbean | Bring |

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We have seen a change in the texture of the economic data. A month ago, the reports were not clear-cut, as some were good [and] some were weak. Recently, the pattern has been for a surprise in the numbers on the upside. The [Fed] is seeing the same trend in the data, and it would be a shock if they did anything but stand pat. - Joel Naroff

What it seems to be indicating is that a kind of moderation in the state's economy that we saw in the middle of last year is continuing. When you put these things together we're not seeing a whole lot of job growth. - Joel Naroff

The tone of the statement, which I read as being surprisingly upbeat, considering everything we've heard, seemed to indicate that the whole idea that they might buy [longer-term bonds] is off the table... Unless we have real signs the economy is faltering, we may have already seen the bottom in mid-to-long-term rates. - Joel Naroff