Quotations
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Ethan Harris Quotes
«There's this alternative scenario where the financial crisis starts to bleed into the economy in a major way,»
Author: Ethan Harris
«The basic story of the consumer is that he's OK in the near term and at risk in the medium term.»
Author: Ethan Harris
«Rubin was a great Treasury Secretary. Nobody in the Bush administration comes close.»
Author: Ethan Harris
«corporate America in a very conservative mode, cutting costs, trying to rebuild profits -- not in the mood to hire or expand their businesses.»
Author: Ethan Harris
«Nobody thinks the risk of inflation is equal to the risks of recession -- all indications are on the down side. The only way to rationalize this is that [Fed Chairman] Alan Greenspan wanted a half-point cut, and to get a unanimous decision, he had to go to a neutral statement.»
Author: Ethan Harris
«They'll wait to see how Christmas shapes up, and if it's weak, they'll give another rate cut in January.»
Author: Ethan Harris
«From the market perspective, there's a big difference [between 6 percent and 5.8 percent unemployment], especially since there's a lot of talk out there that maybe a recovery is at hand.»
Author: Ethan Harris
«A negative reading would be a noticeable headline. Some people will quickly discount it, say it's old news, but it could reawaken concern about the economy.»
Author: Ethan Harris
«A lot of things have to go right even to get 2.3 percent growth for the year,»
Author: Ethan Harris
«If you're doing budget planning in business, you budget for the downside risks, not for the most optimistic scenario. But the federal government doesn't have to worry too much -- it's the only business that has a blank check.»
Author: Ethan Harris