The Week in Words: 10-minute fix; provide value, sell houses; out of ICU

South Jersey builder Bruce Paparone credits sales to providing value.
South Jersey builder Bruce Paparone credits sales to providing value. (ELIZABETH ROBERTSON / Staff Photographer)
Posted: November 20, 2011

"From my perspective . . . I'm absolutely convinced that I could fix this in 10 minutes, but I get the impression we're watching a slow-motion train wreck."

- Phil Orlando, chief equity-market strategist at Federated Investors, on the likelihood the congressional supercommittee will find $1.2 trillion in budget cuts before Wednesday.

"People are looking for value today, and if you can deliver it, you'll sell houses."

- South Jersey builder Bruce Paparone.

"Maybe it is starting to get strong enough to move out of the ICU to the recovery room."

- Joel L. Naroff, of Naroff Economic Advisors in Holland, Bucks County, on the slightly more healthy housing sector.

"We draw from even 25 or 50 miles away for shoppers who want to come to Wegmans once a month, once every other week, so we need to have sites that are easy to find and easy to get to."

- Wegmans spokeswoman Jo Natale, on the deal to put a supermarket into space Boscov's once occupied at Montgomery Mall.

"The continued resilience of manufacturing is encouraging, since this should be the sector most exposed to the global economic slowdown."

- Paul Ashworth, of Capital Economics, as the Federal Reserve reported an October uptick in industrial production.

"In 1985, there were 53 department store chains. Today, there are about a dozen. When you think about restaurants in an enclosed mall, they really have become the new anchors."

- Joseph Coradino, president of PREIT Services L.L.C. and PREIT RUBIN Inc., on why the shopping mall owner lobbied for the referendum question eliminating Moorestown's ban on alcohol sales.

"The record-cash story is bull-market baloney."

- David Stockman, former U.S. budget director, on the idea that the nation's companies are hoarding cash.

Compiled from The Inquirer, the New York Times, Bloomberg, and the Associated Press.

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