146 Quotes by Ethan Harris

Are the economic indicators looking like a recession? Absolutely. But you can still hold out hope that the war is resolved in a month or so and the economy can stage some kind of recovery.

Apparently the Fed's new policy of 'transparency' has taken the shock value out of monetary policy.

You've had obviously a rise in gasoline prices, which is the visible price in the economy, ... There's (also) a tendency of the public to look at the unemployment rate that actually rose in March, while Wall Street looks at payrolls (which showed a large jump in the number of people working.)

You're not talking about a full-blown business-cycle recovery here, which is something like 6 percent GDP growth for a year. To get that, you'll need the whole economy operating in full-growth mode, and clearly the consumer isn't.

You're going to see continued cost discipline. So when growth comes it won't be spent on things like wage increases, but will flow to the bottom line.

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.

This is a sector that should be one of the engines of growth and should keep the economy healthy in the face of the weakening housing market.

This is a nice, clean post-Katrina read. You wouldn't know there'd been a hurricane by the way they're talking about the economy,

This is another of these little hints that we won't get a strong employment number on Friday.