Lacy Hunt Quotes
Powerful restraining forces are impacting the consumer, and this will result in slower growth in the latter part of this year and into 2005.
Tweet
Powerful | Restraining | Forces | Impacting | Consumer |
comments powered by Disqus
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
