50 ordspråk av James Glassman
James Glassman
After doing the basics, government should get out of the way and let the city develop in a natural and organic way,
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Bankruptcy has a negative connotation to many people, but it's an important part of the streamlining of America. For companies that have gotten themselves down a dead-end alley, it's a way to back up and rethink.
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Central banks having lived through that era where inflation went up ... are not inclined to make excuses if inflation goes up [again].
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Consumer spending grew almost 4 percent in the spring quarter, before the tax stimulus package. In the third quarter it looks like consumer spending is going to be up 6 percent or so.
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For every dollar that is coming in is a job going out.
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I don't worry about new home sales,
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I get the feeling that the economy was really wanting to move ahead more quickly last year, then hit a bunch of speed bumps. I get the feeling companies are ready to start building their businesses and do lot of what normally happens in an expansion.
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I really think the economic issue is going to play well for the President because we're getting the kind of growth [that will create jobs].
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I saw in Greenspan somebody who thinks differently about the world than I did. Over time, I watched this process and (realized) that's what gave Greenspan such an edge. The real edge he had is that he's fairly humble and realizes that no human being knows the answer, and he listens to market signals for guidance.
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I think anybody in the Fed chief position realizes that the job is not about proving credentials. It's about doing what's right for the economy,
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I think he'll leave it [the targets] at the door. The real world is more unpredictable and uncertain than the idealized world that academics push for.
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I think they'll just do 50 (basis points), and leave in their statement it open-ended because the market is already anticipating a fair amount more easing by the Fed anyway, ... We'll hear more in Mr. Greenspan's testimony (before Congress) in February about what they plan to do.
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If we get another jobs report as weak as this, there's no way the Fed will hike in September.
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Inflation springs from how intensely resources are used. There is an enormous amount of unused capacity sitting out there, and it takes a lot of growth to absorb that.
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It'll end up being a pretty significant hit. It's easy to forget that these natural disasters destroy wealth. ... You can't make that up.
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