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CEO To Yellen: “Let Us Tell You What We Are Seeing!!”
With Financial Stress Index near cycle highs and macro data collapsing (in Services and Manufacturing) even CEOs are questioning Janet Yellen’s timing…
“I don’t mean to make anybody too worried about this stuff, right?
…
We can speak less about stuff and pretend like everything’s just always great. I don’t think – I don’t think that’s the right way to build partnerships. I think, we tell you when things are working, we tell you when things are not working, we tell you when we make changes, we tell you when the changes are working, we tell you when the changes are not working.”
…the areas that are affected by oil… the Texas markets specifically…In the first half of the year, they were pulling down total Company sales a little under 2 points…
In Q3, that accelerated to 4 points, and that’s meaningful, right? It’s not just meaningful to us, I’d say it’s meaningful to anybody who’s thinking about what the US economy ought to look like…
It makes me think hey, should we be calling Yellen… and saying, let us tell you what we are seeing.“
– Restoration Hardware CEO Gary Friedman (Home Furnishing)
Source: http://silveristhenew.com/2015/12/18/ceo-to-yellen-let-us-tell-you-what-we-are-seeing/
