29 Quotes by Peter Morici

We're starting to get into the zone where if this persists its problematic,

The plan lacks a clear statement of how Ford is going to get its labor and design costs in line with its Japanese competitors. Lacking that, Ford will not be able to offer vehicles that are competitive in price, quality and content.

None of this will fix GM's systemic problems or arrest its long-term decline.

Mortgage rates are going to go up, the long bond rate is going to go up. The only question is what is the precipitating event.

I don't expect consumers here will really see a 10 percent movement on the prices of imported goods, ... But for exporters, that 10 percent is very real.

GM's announced plant closings do little to address the underlying problems. It will be smaller, but its per-unit costs will still be too high to compete.

I think the worst is yet to come. I expect their market share to continue to shrink and their balance sheets to become more troubled.

The outlook remains poor. Production cutbacks at Ford and GM, mediocre personal income growth and record trade deficits all bode poorly for economic growth and jobs creation.

The outlook remains poor, ... Production cutbacks at Ford and GM, mediocre personal income growth and record trade deficits all bode poorly for economic growth and jobs creation.