Bill Cheney Quotes

With the U.S. slowdown looking more real each day, the trade deficit may have passed its peak. The slowdown hadn't hit full force yet in October. U.S. consumers are still sucking in massive amounts of imports. The slowdown will be more clearly seen in November and December's figures. If imported goods start to pile up on retailers' shelves this holiday season, imports could drop off fast. - Bill Cheney

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Looking ahead beyond the current gloom, there is a serious risk that we already have inflationary forces baked into the system. By late spring, the Fed could be cranking up interest rates even faster than they cut them. - Bill Cheney

All the evidence on consumer confidence would tell us that all spending on big-ticket items is liable to plummet in the next month or two. - Bill Cheney

Even though it's improving, there's still an awful lot of people who dropped out of work force and are waiting to be pulled back in. - Bill Cheney