Quotations

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James Glassman Quotes

«The thought of oil as a tax doesn't sit right with me. It may be a tax on consumers but it's a plus for producers, ... If you follow the money, my loss is someone else's gain and what starts out as a tax quickly becomes a more balanced picture.»
«This is adding to the evidence that the economy is going to pick up and I think that we're going to keep seeing a better job picture.»
«It's reasonable for investors to be concerned with inflation, given six months ago we were talking about deflation. What we're seeing is the purchasing managers are telling us that the costs of some materials are going up. The question is, can it be passed on to consumers?»
«This report just puts together all the news that people had been looking at for the last several weeks. The Fed is going to do what it takes because they fear that maybe growth in the first quarter is close to zero.»
«My guess is there will be a bigger stimulus package in the months ahead -- more than $50 billion -- in response to frustration they can't get the economy moving faster.»
«Bankruptcy has a negative connotation to many people, but it's an important part of the streamlining of America. For companies that have gotten themselves down a dead-end alley, it's a way to back up and rethink.»
«The alternative [to a stimulus package] could be worse. If the economy flounders, then there's a loss of revenue, worsening the budget situation -- it could even be worse than the measures you take in the short run to fix the economy.»
«Most of the (economic) numbers have been decent, but people just can't have a positive view on the economic trends til they can see the other side of these Middle East developments.»
«We won't know what the trend is until we have several months behind us.»
«I don't worry about new home sales,»

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