Showing posts with label rationalizations - strong economy. Show all posts
Showing posts with label rationalizations - strong economy. Show all posts

Nov 2, 2021

Bank of America CFO: "We're optimistic about the future"

If you look at the economy, it's improving, people are spending more and businesses are going to have to start investing.  We're optimistic about the future.

~ Paul Donofrio, chief financial officer, Bank of America, "With Solid Profits, Big Banks Are Bullish on Recovery," The New York Times, October 15, 2021





Apr 7, 2021

Tony Despirito on the strongest economic recovery "literally in a generation"

Q: Are we adequately pricing in how big the economic surge will be in the United States?

A: It's going to be big.  We're living in an unprecedented economy.  That was true on the downside and it's going to be true on the upside.  This is going to be a recovery like something we haven't seen literally in a generation.

~ Tony Despirito, BlackRock CIO, U.S. Fundamental Equities, "BlackRock's Despirito Sees 'Blowout' U.S. GDP Rebound," Bloomberg TV, April 7, 2021



Apr 4, 2021

Economist Michael Feroli on the "powerful tailwind of reopening" for the economy

The powerful tailwind of the reopening of economic activity appears to be gathering force.

~ Michael Feroli, chief U.S. economist at JPMorgan, "Vaccines, fiscal stimulus power U.S. employment; economy blooming," Reuters, April 2, 2021





Economist Chris Low: "The economy is booming"

The economy is booming.  If vaccines result in low enough COVID numbers to allow significant further service-sector reopening, the Fed will have to start discussing a taper, and update its guidance, before the end of this year.

~ Chris Low, chief economist at FHN Financial in New York, "Vaccines, fiscal stimulus power U.S. employment; economy blooming," Reuters, April 2, 2021