187 ordspråk av Ethan Harris
Ethan Harris
The retail sales report is a little bit misleading,
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The stronger data virtually assure significant changes in the Fed's directive this week, ... The new directive will probably include a grudging acknowledgement of the stronger labor market and inflation statistics.
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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.
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The third quarter was the sweet spot for profits from an economic perspective. You had this pickup in growth, but you didn't have the pickup in costs. In terms of growth, this is the best quarter we're going to see.
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The U.S. pointing to China is a bit like the pot calling the kettle black. The deficit with China reflects poor policy on both sides of the Pacific.
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There is a history both in appointments under the Bush administration and the Fed chairmanship itself of people off the list being picked. Bush does seem to have a proclivity to pick people with a more business background for his economic positions,
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There is a history both in appointments under the Bush administration and the Fed chairmanship itself of people off the list being picked. Bush does seem to have a proclivity to pick people with a more business background for his economic positions.
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There's a chronic risk to the bond market from global economic recovery. Probably the most potent story is Japan.
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There's definitely going to be nervousness around the event and a kind of inertia. My wife has already asked me not to come into work that day.
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There's this alternative scenario where the financial crisis starts to bleed into the economy in a major way,
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These continued claims are a sign the unemployment rate is still on an upward trajectory. There are still a lot of people out of work out there.
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They keep fiddling with the language, and the general tone of the directive keeps getting a little less dovish,
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They keep fiddling with the language, and the general tone of the directive keeps getting a little less dovish, ... Being 'patient' sounds a little less like they're keeping rates on hold than a 'considerable period' -- though you'd need to study a dictionary closely to figure that out.
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They keep fiddling with the language, and the general tone of the directive keeps getting a little less dovish.
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They keep fiddling with the language, and the general tone of the directive keeps getting a little less dovish. Being 'patient' sounds a little less like they're keeping rates on hold than a 'considerable period' -- though you'd need to study a dictionary closely to figure that out.
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