Christopher Thornberg Quotations

It's such a contentious issue that nobody wants to deal with it.

Things are still hot, but the trend is clear. The only debate now is how hard a landing there will be and what will it mean for the general economy.

California in 2005 did better than we thought. But my feeling is the employment picture in 2006 is not going to be as good as 2005.

By the middle of the year, the cooling real estate market will take a bite out of employment growth everywhere. The question is, can other sectors of the economy pick up the slack? That is a big mystery right now.

Prices people pay today will be about the same in 2011, maybe 2012.

We have lots of new employees. It's just not showing up in the employment statistics.

We as a nation are not as oil dependant as we were back then.

It's an irrationally behaving market. It's very difficult to figure out where it is going to go.

When consumers realize they can no longer expect that appreciation bonus to subsidize their consumption habits, they will very likely pull back on spending.

The forecast for California is mediocre at best; at worst we are liable to dip into another recession, ... at least 50% if not more.