Quotations
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Peter Morici Quotes
«None of this will fix GM's systemic problems or arrest its long-term decline.»
Author: Peter Morici
«Even in North America, (Toyota's) factory labor costs are lower because it pays a bit less for labor and is not encumbered by excessive benefit costs.»
Author: Peter Morici
«The debt limit will be raised; no one expects otherwise. The problem here is Congress reconvenes around mid-January, and it isn't a lot of time they have to get this done. But they'll get it done.»
Author: Peter Morici
«Consumers are strapped. Their credit cards are maxed, their energy bills are going up and they have less ability to borrow against home equity because interest rates are going higher.»
Author: Peter Morici
«This is going to be the year we're going to see the Koreans surge forward. Hyundai is ready to make an assault on Chevy and Pontiac because they have more attractive offerings with a better warranty.»
Author: Peter Morici
«This moderate wage growth should dispel any notions the Fed may hold (that) labor markets and spiraling wages could reignite inflation.»
Author: Peter Morici
«The plan lacks a clear statement of how Ford is going to get its labor and design costs in line with its Japanese competitors. Lacking that, Ford will not be able to offer vehicles that are competitive in price, quality and content.»
Author: Peter Morici
«His real challenge was keeping financial markets periodically from going off the deep end in one direction or another. He was very successful.»
Author: Peter Morici
«The Fed now has limited leverage over the housing market. It has been unable to tap the brakes on the housing market.»
Author: Peter Morici
«The situation is likely to become worse in the months ahead. Crude oil prices are rising again, and an overvalued [U.S.] dollar continues to keep imported cars and consumer goods cheap.»
Author: Peter Morici