[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"$fgm-N_H-Mczqb5JoYanM159m6wzeo641iyUryY_9yu38":3,"$fCSEPOYhJLZHmLdmjrRmxm2KyL0fNRXrAueLqhgBsF70":12},{"author":4,"tags":11},{"author_id":5,"author_name":6,"author_name_first_letter":7,"article_count":8,"bio":9,"short_bio":9,"slug":10,"image_url":9},194797,"Henry Willmore","H",20,null,"henry-willmore",[],{"quotes":13,"pagination":127},[14,27,38,49,60,71,82,93,104,115],{"id":15,"quote_text":16,"author_id":5,"source_id":17,"has_image":18,"author":19,"source":20,"quote_tag":21,"commentary":9},2720471,"This is a clear shift in U.S. policy and it probably indicates that the U.S. has received some concessions from Japan.",4,false,{"id":5,"author_name":6,"slug":10,"author_name_first_letter":7,"article_count":8,"image_url":9},{},[22],{"id":23,"tag":24},5697051,{"id":25,"tag_name":26},14500,"clear",{"id":28,"quote_text":29,"author_id":5,"source_id":17,"has_image":18,"author":30,"source":31,"quote_tag":32,"commentary":9},2720463,"Their number is in the right ballpark. It could have a substantial effect potentially.",{"id":5,"author_name":6,"slug":10,"author_name_first_letter":7,"article_count":8,"image_url":9},{},[33],{"id":34,"tag":35},5697043,{"id":36,"tag_name":37},10731,"effect",{"id":39,"quote_text":40,"author_id":5,"source_id":17,"has_image":18,"author":41,"source":42,"quote_tag":43,"commentary":9},2720455,"The Fed's problem is that the fed funds rate itself has very little effect on the economy. We continue to see movements in financial markets that basically officiate the Fed's attempt to slow things down.",{"id":5,"author_name":6,"slug":10,"author_name_first_letter":7,"article_count":8,"image_url":9},{},[44],{"id":45,"tag":46},5697034,{"id":47,"tag_name":48},6239,"attempt",{"id":50,"quote_text":51,"author_id":5,"source_id":17,"has_image":18,"author":52,"source":53,"quote_tag":54,"commentary":9},2720448,"On balance, I'd say the numbers this morning were more good than bad.",{"id":5,"author_name":6,"slug":10,"author_name_first_letter":7,"article_count":8,"image_url":9},{},[55],{"id":56,"tag":57},5697029,{"id":58,"tag_name":59},2500,"good",{"id":61,"quote_text":62,"author_id":5,"source_id":17,"has_image":18,"author":63,"source":64,"quote_tag":65,"commentary":9},2720431,"It will be worth the trouble for investors seeking a turn in momentum to squint carefully at the data and notice that profits did not fall as much in the second quarter as they did in the first.quarter.",{"id":5,"author_name":6,"slug":10,"author_name_first_letter":7,"article_count":8,"image_url":9},{},[66],{"id":67,"tag":68},5697013,{"id":69,"tag_name":70},14967,"carefully",{"id":72,"quote_text":73,"author_id":5,"source_id":17,"has_image":18,"author":74,"source":75,"quote_tag":76,"commentary":9},2720420,"The more significant (weekly jobless) data will be coming in on Thursday and (the monthly employment data) on Friday.",{"id":5,"author_name":6,"slug":10,"author_name_first_letter":7,"article_count":8,"image_url":9},{},[77],{"id":78,"tag":79},5697003,{"id":80,"tag_name":81},15483,"coming",{"id":83,"quote_text":84,"author_id":5,"source_id":17,"has_image":18,"author":85,"source":86,"quote_tag":87,"commentary":9},2720412,"There's a lot of uncertainty about the outlook. There are a lot of risks, mainly downside risks.",{"id":5,"author_name":6,"slug":10,"author_name_first_letter":7,"article_count":8,"image_url":9},{},[88],{"id":89,"tag":90},5696994,{"id":91,"tag_name":92},291428,"downside",{"id":94,"quote_text":95,"author_id":5,"source_id":17,"has_image":18,"author":96,"source":97,"quote_tag":98,"commentary":9},2720401,"This is one of the more surprising moves the Fed has made in a long time. I'm a little bit puzzled by this.",{"id":5,"author_name":6,"slug":10,"author_name_first_letter":7,"article_count":8,"image_url":9},{},[99],{"id":100,"tag":101},5696983,{"id":102,"tag_name":103},10159,"bit",{"id":105,"quote_text":106,"author_id":5,"source_id":17,"has_image":18,"author":107,"source":108,"quote_tag":109,"commentary":9},2720388,"And the main reason for that will be the job cuts that enabled firms to do a more effective job of holding down labor costs.",{"id":5,"author_name":6,"slug":10,"author_name_first_letter":7,"article_count":8,"image_url":9},{},[110],{"id":111,"tag":112},5696972,{"id":113,"tag_name":114},39022,"cuts",{"id":116,"quote_text":117,"author_id":5,"source_id":17,"has_image":18,"author":118,"source":119,"quote_tag":120,"commentary":126},2720379,"The more important development more recently was the tax cut that was enacted over the weekend, which will provide some pretty good support for consumer spending over the next few quarters.",{"id":5,"author_name":6,"slug":10,"author_name_first_letter":7,"article_count":8,"image_url":9},{},[121],{"id":122,"tag":123},5696959,{"id":124,"tag_name":125},10570,"consumer","**The Backstory**\nThis quote is likely from a speech or statement made by Henry Paulson, the 74th Secretary of the Treasury, in the early 2000s. During this time, the US economy was experiencing a period of growth, but the aftermath of the 9/11 attacks and the subsequent wars in Afghanistan and Iraq were still being felt. The tax cut mentioned in the quote was part of the Economic Growth and Tax Relief Reconciliation Act of 2001.\n\n**The Hidden Insight**\nThe quote reveals a paradoxical approach to economic policy. On one hand, Paulson seems to be acknowledging the importance of government intervention in stimulating consumer spending through tax cuts. On the other hand, he is framing this intervention as a necessary evil, implying that the natural trajectory of the economy is towards growth, but it needs a boost to get there. This tension between the role of government and the natural course of the economy is a key insight into the thinking of policymakers during this time.\n\n**How to Use This**\nFor modern professionals and creatives, this mindset can be applied by recognizing that even in times of growth and stability, a strategic push or intervention can be necessary to reach new heights. This might involve taking calculated risks or investing in areas that seem counterintuitive, but have the potential to drive innovation and progress. By embracing this paradoxical approach, individuals can stay ahead of the curve and capitalize on opportunities that might otherwise go unnoticed.",{"currentPage":128,"totalPages":129,"totalItems":8,"itemsPerPage":130},1,2,10]