Wharton finance professor; author of Stocks for the Long Run
EconomistMarket strategistSort: newest · most important · target date
“Now the most interesting question is whether October or December brings the next increase. My expectation is December.”BankingEconomy
“Combined with continued credit expansion, a strong labor market and higher market interest rates, I believe the Fed is likely to raise the federal funds rate by 25 basis points at this week’s meeting.”BankingEconomy
“As the Fed moves toward easing—something I still expect to total roughly 200 basis points from the peak rates over 5%—the relief will be felt most acutely by small and mid-sized firms that borrow short.”BankingEconomy
“As a result, the inflation outlook looks quite good for 2026. We would be between 2% and 2.5%, which is very close to the Fed target.”Economy
“I think 2023 is going to be a very good year for equities.”Markets
“I think the Fed will start bringing down the funds rate by mid-year 2023.”BankingEconomy
“I do expect the 50 basis points”BankingEconomy
“I believe in the next three, four years cumulatively we're going to have 20% inflation”Economy
“It's not going to be a serious correction, not anywhere again down near those March lows. A little pause if we get that wave, but I don't think it's going to really stop the longer-term momentum upward”MarketsHealth
“In fact, given no serious second wave, which could mean just effective therapeutics without even a universal vaccine, my feeling is it's even a likelihood that we will reach”MarketsHealth
“I definitely think we will see Dow 20,000 in 2016”Markets
“I think after the Fed moves—and I do think they are going to move in September—and the world doesn't end”BankingEconomy
“I believe the next six or seven weeks are going to take us beyond 18,000 on the Dow”Markets
“Going to the 15,000 level, which a few months ago people were very skeptical of that, we’re talking about the end of 2013. … Odds are 3-to-2-to-1 on that”Markets
“I believe that the Fed will get rates down to 3.5%, before ratcheting them upward in the second half of next year.”BankingEconomy
“I think the stock market will have another winning year in 2008.”Markets
“Overall I expect 1.5% to 2.5% GDP growth in 2008 and I believe the economy will avoid a recession.”Economy
“We’re on the road to 3% to 4% growth in the second half of this year.”Economy
“But it’s my belief that the S&P has probably hit a low.”Markets