Quotations
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Peter Morici Quotes
«This is part of a broader strategy to create greater certainty in pricing. Hopefully, dealers will abstain from playing games with add-ons and fees, and consumers will be more confident that they are getting a fair deal and the best deal when they bargain.»
Author: Peter Morici
«It's caviar for the rich and cake for the rest, as wealth grows atop a fragile pyramid of inflated home prices, consumer debt and foreign largesse.»
Author: Peter Morici
«The trade deficit exceeds 6% of gross domestic product and is weighing down economic growth.»
Author: Peter Morici
«Longer-term, persistent U.S. trade deficits are a substantial drag on growth.»
Author: Peter Morici
«GM really has no choice but to do this. It really can't afford to carry the pension benefits it has. It's a matter of choosing to pay benefits it can afford, or getting to a place where it cannot pay anything at all.»
Author: Peter Morici
«GM cannot go on providing the level of benefits they have been, if they want to stay in the business. It's not a matter of providing fewer benefits to increase profits, it's a matter of choosing to pay benefits it can afford, or getting to a place where it cannot pay anything at all.»
Author: Peter Morici
«The overvalued dollar will contribute mightily to the US trade deficit until the Bush administration takes decisive action.»
Author: Peter Morici
«Look for the Fed to push the federal funds rate to 5.25 percent or even to 5.5 percent.»
Author: Peter Morici
«This situation is likely to become worse in the months ahead.»
Author: Peter Morici
«These employment gains indicate strong first-quarter economic growth, in the range of 4 percent.»
Author: Peter Morici