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Letter "D" » David Kelly Quotes
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«A lot of American businesses are still fighting the last recession as opposed to gearing up for the next expansion. That process could take a few months, so we could still see some ugly numbers from the labor market for another month or two.»
Author: David Kelly
«The American consumer really went spending in the fourth quarter in an extraordinary way, and what we're seeing here is confirmation of that trend.»
Author: David Kelly
«We saw companies push up output strongly without increasing labor costs at all. As orders come in, they will have to increase their total employment. Unless economic growth slows very rapidly, the unemployment rate should begin to move down in the next few months.»
Author: David Kelly
«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.»
Author: David Kelly
«The single most significant number is the inventory number. The rebuilding of inventories hasn't even started yet. When they do, it will be a major source of additional stimulus to the economy.»
Author: David Kelly
«I think the recovery is too strong to be a jobless recovery. But it is a close call.»
Author: David Kelly
«This elevated growth rate in the economy should prevent a replay of the jobless recovery. If we have two strong quarters of growth, then employment will start to show decent gains in the third quarter.»
Author: David Kelly
«The unemployment rate will come down slowly because of tremendous productivity gains, but I don't doubt the strength of final demand.»
Author: David Kelly
«This is actually a case where the numbers are where you want them to be. Inflation's about two percent, not going up or down -- this is the comfortable middle. The American economy has other problems, but this isn't one of them.»
Author: David Kelly
«Productivity can act as a natural thermostat for inflation and prevent it from becoming dangerously high or low.»
Author: David Kelly
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