Greg Valliere Quotes
You've got a recession in the auto and computer industries, you've got inventories piling up, you've got mediocre consumer spending, you've got a terrible stock market. I think the time to cut rates is now and I think they are in a good position to do it. If the Fed shows tomorrow that they realize this economy needs stimulus, I think it would be a wonderful gift for the stock market.
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Recession | Auto | Computer | Industries | Inventories |
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That's a commentary that the markets think the bigger concern is the soft patch, not inflation... Nobody knows how big a soft patch this is. The key to understanding a lot of this is obviously the price of oil.
- Greg Valliere
