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Letter "E" » Ethan Harris Quotes
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«People will wake up and realize the war on terror has just moved one step forward,»
Author: Ethan Harris
«That's about the right feel for the economy,»
Author: Ethan Harris
«The Fed has made it clear that it will take quite ugly news to get them to move in advance of any clarity around the Iraq situation. That means the March 18 meeting seems too early to expect a cut.»
Author: Ethan Harris
«Even with a positive outcome in the war, the economy is going to have lost a lot of momentum by the time it's over. We're not going to see a few weeks of weak data -- we'll see a few months of weak data.»
Author: Ethan Harris
«Firms have cut back on their capital spending budgets to the point where some of them are not even replacing worn-out equipment. It's been quite a dramatic pullback, and in some sense there's some pent-up demand out there for capital equipment.»
Author: Ethan Harris
«As you look down the road, at some point you've got to believe there's a real recovery in capital spending on the way. But I don't see the catalyst anywhere in sight.»
Author: Ethan Harris
«The Fed is going to have a bias to be very easy in terms of policy, not just in the next couple of months, but well into the future.»
Author: Ethan Harris
«Ultimately, for the economic recovery to sustain itself, we have to see the labor market improve. As the tax-cut benefits fade, consumers will look for more fundamental reasons to spend money, and there will have to be some job growth.»
Author: Ethan Harris
«The idea that the recovery has started has been clearly confirmed. But there's no way to know the sustainability of the recovery.»
Author: Ethan Harris
«The market has some adjustment to do, but it will be more of a slow leak than a pop.»
Author: Ethan Harris
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