You want to get your house in place before financing costs go up.
More Quotes from Ethan Harris:
You probably want to subtract about two-tenths of a percent from first-quarter GDP growth. But that's looking like very old history, with the Fed having eased twice since the first quarter. From the market's perspective, you feel like you're in a different world already. The first quarter looks very distant, indeed.Ethan Harris
We think the ISM services number is one of the worst monthly pieces of data there are. On a month-to-month basis, it has no correlation with service sector employment, and on a quarter to quarter basis, it has no correlation with service sector gross domestic product.
Ethan Harris
Some economists give a lot of weight to these surveys, but my feeling is that a survey's only good until the real data come out. The surveys are exaggerating the strength of the manufacturing sector.
Ethan Harris
We see a number of reasons for the Fed to drop its 'measured pace' language.
Ethan Harris
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,
Ethan Harris
In terms of being a predictor for the national index, the Chicago number has a spotty record,
Ethan Harris
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God has been replaced, as he has all over the West, with respectability and air conditioning.
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I think Israel will think one thousands times before invading Gaza.
Ahmed Yassin