Quotations
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Ethan Harris Quotes
«We reached the point where we don't trust our model anymore. That's why we were below the consensus.»
Author: Ethan Harris
«Are the economic indicators looking like a recession? Absolutely. But you can still hold out hope that the war is resolved in a month or so and the economy can stage some kind of recovery.»
Author: Ethan Harris
«The economy is one ugly event away from contraction.»
Author: Ethan Harris
«We think the ISM services number is one of the worst monthly pieces of data there are. On a month-to-month basis, it has no correlation with service sector employment, and on a quarter to quarter basis, it has no correlation with service sector gross domestic product.»
Author: Ethan Harris
«Companies have been able to maintain incredible productivity growth for a low-growth economy. It does look like firms are finding ways to use technology and make do with fewer workers.»
Author: Ethan Harris
«The third quarter was the sweet spot for profits from an economic perspective. You had this pickup in growth, but you didn't have the pickup in costs. In terms of growth, this is the best quarter we're going to see.»
Author: Ethan Harris
«Coming after the energy shocks and Katrina, it's a remarkable spring-back. The economy seems to have an underlying resilience.»
Author: Ethan Harris
«It is gradual step towards a little more flexibility. Inflation, the economy and the markets will dictate how much further they go. They say the economy is strong and that inflation risks are tilted a little to the upside. There is nothing yet in the data that will stop the Fed.»
Author: Ethan Harris
«Housing prices tend to turn very slowly, and that delays whatever impact they might have on the economy.»
Author: Ethan Harris
«Because growth is looking good and financial conditions are good, they'll keep moving up. But they're close to the end.»
Author: Ethan Harris