David Hensley Quotations

My doctor said you've got two choices: Take insulin or lose weight.

PMI data confirm that global manufacturing has made a solid start to 2006.

We marked up forecasts for the euro area and Japan. It's just a sense that these economies, especially the euro area, are on a stronger growth path.

Japan is back on its feet and growing again.

January purchasing managers' surveys signal that the impressive acceleration in manufacturing activity from the final quarter of 2005 has carried over into the new year.

Tight labor market, acceleration in wages -- it's a description of an economy that's simmering, but it hasn't boiled over yet into inflation.

The (Purchasing Managers Index) points to robust, broad-based growth.

The national reports give a message of well-balanced growth with good momentum heading into the second quarter.

The base of global growth is strengthening and broadening overseas. It looks like we're picking up the pace and we're moving back into above-trend growth rates.

The labor market exhibited renewed strength, which suggests that manufacturers and service providers expect the current acceleration in growth to be maintained in the coming months.

In Asia, we see growth remaining steady and fast.

In some sense the risk the central banks run is they are coming in a little too late.

Input price pressures are abating and this should reduce uncertainty and pressure on profit margins in coming months.

High and rising utilization rates remain at the forefront of Fed inflation concerns.

The chairman stayed within his game, reaffirming the recent Fed message that growth is solid, inflation risks remain to the upside, and that the path of policy is becoming highly data-dependent.

The level of global PMI is consistent with 6 per cent plus growth in global industrial production.

The latest PMI data point to a slight moderation in the pace of global manufacturing output, to a still robust 5 to 6 percent annual rate.