Joel Naroff Economy Quotations

Manufacturers are not fools, and they looked out over the economy and saw that economic activity had slowed dramatically, ... Not wanting to carry inventories, they slashed production and workers. They acted correctly, but the downward spiral has been set in motion.

There are seminal points in economies, and they're reached rarely, ... We reached one in the 1990s, and we will not go back to an economy that bears any resemblance to the one before.

The numbers we're getting all indicate that the economy has maintained a large amount of momentum and that's obviously a concern to the Fed and will likely force their hand.

The huge rebound in orders shows that, not only did the economy not collapse in June, but it is actually moving ahead at a decent clip,

The economy is becoming a well oiled machine.

The fundamental economy is still solid, and the things that drive consumer spending are still solid,

The change was minimal and does not affect the general impression that the economy was in fine shape heading into the summer.