David Jones Cut Quotations

When we finally decide on who our president is, and on the day when we realize the economy is so weak that that new president must cut taxes, and he can't do it because of a divided congress and all the animosity that comes out of this agonizingly long presidential election, the dollar's going to be in trouble.

It's tough. We need to get our offense going because we are where we are and defense is where we are but when you give up 60-70 points that won't cut it.

(Greenspan) cut rates three times last year, but he said that the conditions that required those cuts are no longer with us. So the outside limit to what he is going to do is three hikes. My guess is that you will only end up with a couple of them, a quarter-point at the end of this month, one in August, and maybe one in October.

I think he will ease one more time ... cut rates one more time before the end of the year, but I just don't think the odds are as strong on Nov. 17th as maybe some people in the market think.

Well at least we are healthy. But once again we were doomed with a slow start in the first and third quarters. That doesn't cut it. We dug ourselves a hole we couldn't get out of.

Jobs cuts tend to lag the process. You've had an inventory correction (that) may be getting near the end, you still have to superimposed investment boom/bust cycle that has been taking place, and there's still a process squeeze.