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David Kelly Quotes

A crucial issue is how fast the price of gasoline comes down, ... If you can get the price of gas down before Thanksgiving, that will give us a strong holiday shopping period, and that could help the market. - David Kelly

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Crucial | Issue | Fast | Price | Gasoline |

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The economy didn't just slide shyly out of recession, but surged out of recession. The reason is all the stimulus applied to the economy after Sept. 11. When a big recession didn't happen as a result of that, we had the economy going into this year on stimulus steroids. - David Kelly

$11 billion of the $18 billion drop in inventories was in manufacturing, and there's an element of that which isn't a matter of U.S. factories humming along [to re-stock shelves]. In many cases, there simply isn't any U.S. factory any more, and some of this may be just a permanent reduction in inventories. - David Kelly

The economy is strong but not too strong. The right thing for the Fed to do is stay on track and raise rates 25 basis points. Any deviation from the measured pace is a mistake. - David Kelly

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