Extremely easy, 100% sure thing contrarian indicators.
"...Current rumors are at odds with assessments by both the Fed and with Fed Chairman Greenspan about the health of the banking system. As the overseer of the banking system, the Federal Reserve has an abundance of information about the industry, and especially about the commercial banks. It is therefore notable that Greenspan has frequently and recently said that the health of the banking system is solid..."
-- Tony Crescenzi, Bondtalk.com, July 24, 2002
The time has come to put this issue to rest...the nation’s home builders have said it, the Realtors have said it, and now Alan Greenspan has said it once again, in no uncertain terms: there is no such thing as a current or impending house price bubble.”
-- National Association of Housing Builders (NAHB) Chief Economist David Seiders, July 22, 2002
"...If they buy stock, they're buying value, as opposed to buying into a bubble...I believe people are going to come back into the market..When the values get there, you'll see the market go back up...the future's going to be bright...the platform for growth is in good shape..."Inflation is low, monetary policy is sound, fiscal policy is sound, productivity is up, orders for durable goods are up..."
-- President George W. Bush, July 23, 2002, speaking about accounting reform bill (Washington Post)
"...the fundamentals are in place for a return to sustained healthy growth: Imbalances in inventories and capital goods appear largely to have been worked off; inflation is quite low and is expected to remain so; and productivity growth has been remarkably strong, implying considerable underlying support to household and business spending as well as potential relief from cost and price pressures...The effects of the recent difficulties will linger for a bit longer but, as they wear off, the US economy is poised to resume a pattern of sustainable growth..."
-- Alan Greenspan, Federal Reserve Chairman, Congressional Testimony, July 16-17, 2002 |
