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Greg Valliere  Quotes
It’s very hard to spin this story positively. My fear is this could drag on for months and months and months.

—Greg Valliere

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Fear
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I think Greenspan, last Thursday, really sent a signal that he wants 50 basis points (a half-percentage point), … By saying that the GDP (gross domestic product) growth is close to zero, he certainly encouraged...

—Greg Valliere

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One of the big stories coming out of this is the inability to get anything done in the next two years. Therefore … the budget surplus is going to pile up dramatically because Congress won’t...

—Greg Valliere

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Bush is going to get a post-election free pass on virtually all economic issues for the next few months.

—Greg Valliere

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in the final analysis, I don’t think the election outcome has changed all that much.

—Greg Valliere

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Analysis
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The general tone of the rhetoric form Gore has been quite hostile.

—Greg Valliere

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Rhetoric
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And forget about getting any new oil or natural gas out of Alaska.

—Greg Valliere

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By the middle of the fall, if there’s a feeling that the economy has withstood this blow, then Congress might be able to return to a more traditional agenda.

—Greg Valliere

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Congress
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Things aren’t as bad as Jason (Furman) said but they’re not as good as the labor secretary said, … The markets clearly were expecting a better number than 96,000. You’ve got to wonder … are...

—Greg Valliere

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Labor
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If the President is really crippled I would look at the dollar to see whether there really is a market impact,

—Greg Valliere

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I think we’re very close. … The White House has put tremendous pressure on the Hill to do something.

—Greg Valliere

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If this election uncertainty drags on that long, you’ve got to think the air of uncertainty in the country will infect consumers and consumer spending.

—Greg Valliere

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That may be one of reason (the Dow is) 9,800 — maybe the markets have already begun to worry about the outcome not being known.

—Greg Valliere

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I have argued with great futility that this entire argument is based on a flawed premise. If you use a more realistic GDP assumption, based on what we’ve seen over the past few decades, Social...

—Greg Valliere

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I don’t buy any of it.

—Greg Valliere

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Right now, it’s open season on him. Most Republicans view him as a liability.

—Greg Valliere

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The big play from a regulatory standpoint has to be healthcare in general and the drug stocks in particular. If it looks like, around Halloween [Oct. 31], Bush is going to win, I think the...

—Greg Valliere

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Healthcare
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I thought all along Edwards was the logical choice, … He’s so talented as a campaigner, and he brings a lot of enthusiasm, sex appeal and pizzazz to the ticket.

—Greg Valliere

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Choice
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If they exchange gold wedding bands (the) price of gold will go up. If they travel to Europe on their honeymoon, the dollar will strengthen. If (Treasury Secretary) Robert Rubin and other administration officials are...

—Greg Valliere

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If I was a member of Congress I’d try to press him on is there a light at the end of the tunnel on measured rate hikes, and at what point the Fed decides enough...

—Greg Valliere

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Congress
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I think it’s bad karma when you start talking down your own currency; it smacks of desperation. If this turns into a rout, that will prove that classic adage — be careful what you wish...

—Greg Valliere

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I’m at a one-in-three chance that we will not know for days who won the election,

—Greg Valliere

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My bottom line is that this not catastrophic for the Bush agenda,

—Greg Valliere

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They won’t move on October 3 but, as you know, there’s a meeting right after the election. If, during that period between now and November, the economy show signs of re-accelerating, and there’s an inflation...

—Greg Valliere

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The markets would be perfectly happy with gridlock.

—Greg Valliere

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Politically this is very, very clever, … It puts the White House on the defensive on the whole issue of job outsourcing. There could be some Republicans (in Congress) intrigued by this. But it’s way...

—Greg Valliere

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Clever
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The combination of fiscal and monetary stimulus right now is the largest I’ve seen in years, … It’s good for GDP. If the economy starts to hum, stocks should do well.

—Greg Valliere

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I think it will be months and months before you see this clarified.

—Greg Valliere

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I think it (Friday’s report) is incredibly important from a market point of view. But I’m not sure that swing voters in rural Ohio are going to be into the non-farm payroll number.

—Greg Valliere

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The Wall Street types want to make the United States attractive for investment, and a strong currency attracts investors.

—Greg Valliere

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I’m up to a one-in-three chance that we will not know for days who won the election. And it could really drag on through December again. It’s a cliche but it’s a true cliche, that...

—Greg Valliere

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For the people who experience it, it’s a tragedy, but for the country as a whole, we can absorb it.

—Greg Valliere

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Country
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I think Bush would be a clear favorite.

—Greg Valliere

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Members of Congress, especially Republicans, are beginning to realize that around the country, even among their supporters, they’re being viewed as dysfunctional, unable to get anything done. So I think the Republicans are starting to...

—Greg Valliere

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Beginning
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O’Neill’s departure removes an impediment for a big stimulus package, … He had been lobbying against a package, worried about a budget deficit.

—Greg Valliere

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I think political strategies now are in agreement that the public doesn’t want a big huge change on anything, whether its health care or the contract with the gold standard.

—Greg Valliere

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I personally think the 1992 analogy has been overdone.

—Greg Valliere

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Analogy
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He needs to restore investor confidence, … It’s extremely unlikely he would say anything that would be viewed negatively by the markets. He’s going to make it clear that we are not looking at the...

—Greg Valliere

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He can afford to tilt at windmills, because he’s Warren Buffett. But I doubt he can really influence the Republican leadership.

—Greg Valliere

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My take is that they know they’ve got a tough selling job ahead, … I think they have to sell it (the policies) to Wall Street, to the capital, and to the public. The administration’s...

—Greg Valliere

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It gives the bond market a comfort level that you have a replacement just as vigilant on inflation as Greenspan was.

—Greg Valliere

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Comfort
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I really think when you talk about pocketbook issues that affect the electorate, people think about the Nasdaq (composite index) and the Dow Jones (industrial average). If we got another rate hike and the market...

—Greg Valliere

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People
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That’s a classic move in both parties — appeal to the base to win primaries, then move to the center in a general election — and I think he will do that. He will cite...

—Greg Valliere

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I think everyone knows it will start moving higher because of all the layoffs we’ve seen so that will probably just tell us what we already know,

—Greg Valliere

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On one hand, he seems more palatable to Wall Street than Dean, in that his positions on trade and taxes are more moderate.

—Greg Valliere

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