25 Quotes by Gerald Cohen

If prices are rising in response to a pickup in global demand, that's a good sign for the economy. Though it does impart a drag on the economy, you don't feel it as much.

Inventory levels are lean, meaning companies will need to pick up production.

But whether payrolls come in at minus 10,000 or plus 10,000, it won't tell you that much.

Goods prices are deflating and continue to deflate, but services prices are by no means deflating. Overall, prices continue to rise, so I'm not concerned about deflation.

How much freedom I have depends on the number and nature of my options. And that, in turn, depends both on the rules of the game and on the assetts of the players: it is a very important and widely neglected truth that it does not depend on the rules of the game alone.

The Chicago PMI, along with other mixed data we've been getting, points, in my mind, to a turning point, ... But you have to be careful reading too much into this -- it's a survey of 200 firms in the Chicago area with a 50 percent response rate. I think we're at a turning point and will get a rebound, but the strength of that rebound is still in question.

The claims have not been low enough to merit cheering, but the direction has been generally positive, and that's the first step.