If job growth is just 50,000 a month, you can be sure that the unemployment rate is going to rise at some point in the coming months.
More Quotes from Ethan Harris:
Nobody thinks the risk of inflation is equal to the risks of recession -- all indications are on the down side. The only way to rationalize this is that Fed Chairman Alan Greenspan wanted a half-point cut, and to get a unanimous decision, he had to go to a neutral statement.Ethan Harris
It suggests moderate growth in the year ahead, but I don't think there's much risk of a 'double-dip' recession.
Ethan Harris
Rubin was a great Treasury Secretary. Nobody in the Bush administration comes close.
Ethan Harris
The market is getting lulled into sleep here. In reality we think that both the inflation numbers and the growth numbers will keep the pressure on the Fed.
Ethan Harris
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.
Ethan Harris
That's the big lingering risk factor sitting out there on the horizon. Will we have a gradual adjustment, where the trade deficit gradually improves, or will we have an accident along the way
Ethan Harris
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