Quotes For The Week
I read a funny piece on Bloomberg.com this morning about reactions to the overuse of the phrase “green shoots” as it relates to a potential U.S. economic recovery…
“These may be the two most overused and annoying words of my investment career… Every possible sign of a recovery is anointed with the phrase.”
-John Mauldin, president of Arlington, Texas-based Millennium Wave Advisors
“Turning into daffodils.”
-Jim O’Neill, chief economist at Goldman Sachs Group
“Housing is still a drag on the economy… It may be green shoots, but they are growing slowly. It’s moss.”
-David Coard, head of fixed-income trading in New York at Williams Capital Group
“We’re not seeing them… I had a cataract operation in my left eye about a month ago and I thought, maybe now I’ll be able to see some green shoots.”
-Warren Buffett
“People talk a lot about these green shoots… I see more yellow weeds than green shoots.”
-Nouriel Roubini, professor of economics at New York University and chairman of RGE Monitor
“It is more a comment on the human condition and the innate need for optimism.”
-David Rosenberg, chief economist and strategist at Toronto-based Gluskin Sheff & Associates
Bloomberg’s Matthew Benjamin added the following in regards to Rosenberg:
Sphere: Related ContentA substitute phrase may also be needed if the U.S. economy slows down again later this year, said Rosenberg, the former chief North American economist at Merrill Lynch & Co.
“We will not very likely see ‘brown manure’ as the catchy horticultural replacement to green shoots,” he said.








