David Kelly
David Kelly
Late Irish actor who audiences remember for playing Grandpa Joe on Charlie and the Chocolate Factory. He gained additional fame for his roles in Walking Ned, Stardust, Into the West, and The Jigsaw Man.
ProfessionMovie Actor
Date of Birth11 July 1929
clearer clearly economy frozen gasoline interest investing issues katrina lack level prices retail talk works
There's clearly a lack of interest in investing while the economy works through these Katrina issues, ... We need to get a clearer sense of when gasoline prices are going to come back to normal. When I talk to retail investors, a lot are frozen by the level of uncertainty those issues create.
few generally growth months quarter saw strong takes third turns
It generally takes a few months after GDP growth such as we saw in the third quarter before that turns into strong growth in employment.
decides expect fed fully hikes rate
I fully expect that when the Fed decides to put an end to rate hikes they will give us notice,
laid people replace
In many cases, people who've been laid off in manufacturing should not look to manufacturing to replace their jobs. It's not going to happen.
economy fall gasoline government maintain momentum prices relatively response
All told, if the government response is swift, and if gasoline prices fall back relatively quickly, the economy should maintain most of the momentum it had.
business feeling fifth guys pinch retail run sure tough
It's pretty tough if you run a retail business in Manhattan. I'm sure the guys on Fifth Ave will be feeling the pinch because of this to some extent.
carriers clearly eliminate living standards wireless
For example, we have all of these wireless carriers with overlapping systems, and that's clearly inefficient, ... Our living standards go up when we eliminate such inefficiencies.
dream fairly gas market matter people seem seems stock
No matter how much gas is or how the stock market is doing, we always seem to do fairly well because of that dream people have. It just seems that that one dream just can't be denied.
area biggest exactly grew investment spending start worried
One of the biggest upward revisions was to investment spending on equipment, exactly the area we're worried about, ... That grew marginally, and that's the start of something.
changed labor last minimum number recovery surprising today waiting words
Nothing about what they said today is surprising -- they changed the minimum number of words (from their last statement). We're still waiting for confirmation (of a recovery in) the labor market.
changes fed minutes reading view
Reading the minutes carefully, I don't think it really changes my view or the market's view of where the Fed was.
decent economy elevated employment gains growth prevent quarters rate replay start strong third
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.
close recovery strong
I think the recovery is too strong to be a jobless recovery. But it is a close call.
auto consistent dropped economy fall growing january reason second spending tells third
The reason spending dropped in January was a big fall in auto sales. I don't think this tells us much that's new -- it's consistent with an economy still growing in second or third gear.