This is yet another reminder that policy-makers don't have a lock on knowledge. There's a tremendous amount of confusion now about whether or not the recent weakness due to military anxiety is going to end up being self-reinforcing economic weakness.
More Quotes from Lara Rhame:
For the Fed, productivity is the antidote to inflation, and that's still very strong. It's inconceivable that the Fed would tighten in four out of its next five meetings.Lara Rhame
Stocks in this recovery have performed far worse than the last three recoveries. You really have to ask yourself, as a whole, what the markets are seeing out there.
Lara Rhame
Business confidence remains very, very fragile, and we're still in an environment where businesses are more concerned with cutting costs than with ramping up investment projects,
Lara Rhame
It's probably wise they cut before the opening bell. They wouldn't want to be seen as reacting to the stock market, but they are trying to show that they are willing to do what it takes to maintain confidence.
Lara Rhame
Look at the subcomponents -- what are inventories and new orders in this case ... If I were the purchasing manager at a hospital and somebody asked me about 'new orders,' what would I count Syringes Patients At a bank, what's 'inventory' Palm Pilots Mortgages.
Lara Rhame
The 'new economy' was a new beast to some extent, and the Fed was too lenient in terms of letting consumer exuberance get ahead of itself. They should have been moderating growth in 1997 and '98.
Lara Rhame
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Based on Topics: Wisdom & Knowledge QuotesBased on Keywords: policy-makers, self-reinforcing
The enmity of such a party towards Socialism does not mean that the members are only prejudiced against it because they do not know it; it means that they are possessed of bourgeois ideas, and wish to determine their policy accordingly.
Karl Radek
My mother says I was vaccinated with a phonograph needle. I love to talk. I just love to talk.
Jerry Hunt
I think that you love who you love, and there are people who you love that people aren't going to understand why, and that sort of doesn't really matter.
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