Robert DiClemente Quotes
State and local budgets can be corrected by small changes in the relative growth rates of spending and tax revenues, rather than by jarring policy initiatives. 
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State | Local | Budgets | Corrected | Small |
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This to me looks more like what retailers had said, that colder weather in May might have depressed sales in ways that are not really fundamental... Early anecdotal evidence for June shows a snap-back. It would be a big mistake to view this as a sign of a new wave of retrenchment.
- Robert DiClemente
While financial markets are focused on all the gloom ... they risk missing the incipient turnaround in corporate profits... Based on the latest GDP figures, corporate earnings probably bottomed in the third quarter. Firms are making the necessary adjustments to restore profitability by reining in their costs, especially labor compensation.
- Robert DiClemente