Surprisingly Quotes
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

The pickup in imports is in line with the sense we had that the slowdown in the U.S. economy is close to its bottom... To some extent, last month's trade balance seemed surprisingly narrow, and this number is more in line with our basic view of the economy. We continue to see a U.S. economy that is growing slowly, but definitely growing.
- David Roberts

Page 6 of 26