James Padinha Quotations

It's really just a waiting game. You can't expect excesses to be done correcting just because you want them to be done correcting.

I'm expecting Friday's numbers to print poorly. If that happens I will tell clients they should expect the Fed to cut by a half point.

I couldn't believe it -- first time in 10 years they did the right thing. Obviously, I think it's perfect.

I feel strongly that a ham sandwich with a scepter would be a fine Fed chairman. In fact, I think a ham sandwich with a scepter might do a better job because it wouldn't be politically motivated.

It's surprising that out of all the commentary you read on what's happening, nobody thinks it's just a basic inflationary story.

There's a risk to someone assuming this hero-type status because then there's the temptation you're going to lean toward believing him no matter what says -- and that's potentially dangerous.

This is a continuation of a trend that's already been in place. We don't have a huge inflation problem, but it seems to me that people don't give enough weight to the possibility something like that is brewing.

People are becoming more accepting of a slow, gradual recovery, whereas last year, they had great growth numbers in mind, and when that didn't pan out, markets got hit hard. As long as data don't indicate a new round of fundamental economic deterioration, we're still on the same growth track.

People aren't arguing about the third quarter, they're arguing about what is going to happen now.

We've been seeing double-digit declines in confidence for more than a year, yet people don't mind buying a new car or a truck or trading up for a new house or taking out a second mortgage -- you would think these people have guns to their heads. We feel so lousy, but it sure doesn't seem like we're behaving that way.