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Letter "E" » Ethan Harris Quotes
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«The one thing that companies can do quickly without laying people off is reduce the number of hours per week; as the economy slows, that's the natural place for a company to cut back. It's a little harder to pull back quickly on job hiring.»
Author: Ethan Harris
«The surplus creates an environment where there's a tremendous amount of saving being freed up for private investment every time the government pays down its debt, that frees funds to flow into private investments. That has created this strong growth economy that we have.»
Author: Ethan Harris
«But the obvious effect is on utility consumption, which will affect industrial output in the economy. People consume more electricity, that places more demand on natural gas, coal, power, and electrical systems.»
Author: Ethan Harris
«Obviously we have a pretty weak economy and this was not unexpected. We knew they were going to have to revise it downward.»
Author: Ethan Harris
«If you look at economic models of the impact of oil prices, a $5 oil price increase only takes a couple of tenths of a percent off [gross domestic product] growth. Things have to get a lot worse before this becomes a major shock to the U.S. economy.»
Author: Ethan Harris
«It suggests moderate growth in the year ahead, but I don't think there's much risk of a 'double-dip' recession.»
Author: Ethan Harris
«This is a feel-good report. When you get a strong growth number and a low inflation number, it's hard to get a better combination than that for the economy.»
Author: Ethan Harris
«It's not as friendly as some of the other inflation numbers, but it's just one indicator. We have no inflation warning signals from any of the other major inflation indicators.»
Author: Ethan Harris
«The market is kind of like a four-year old kid in a toy store,»
Author: Ethan Harris
«We now believe that the first Fed rate hike will not come until December, and we continue to worry the Fed may be forced to ease again before it begins hiking rates,»
Author: Ethan Harris
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