Quotations
Famous Quotations
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Lara Rhame Quotes
«Greenspan's perfectly fulfilled his mandate, ... And there are a couple of things he couldn't have manipulated even if he'd wanted to [such as] Enron and WorldCom -- these are things that the Fed can't possibly have been prepared for.»
Author: Lara Rhame
«This is what the Federal Reserve has been warning about for a long time -- we will still see consumer spending growth, but it will be more moderate than before, ... It's a retrenchment of consumer spending growth from blistering levels.»
Author: 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.»
Author: Lara Rhame
«Everybody has to learn a little more economics than they want to learn, now that we're drawing more and more of a distinction between actual GDP and final domestic demand, which is GDP minus inventories, ... Inventories can surprise. It's hard to make a solid forecast about them, and the Fed said that. I think the market continues to overestimate Fed rate cuts.»
Author: 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,»
Author: Lara Rhame
«We may have hit bottom here, to some extent, ... We're facing two quarters -- the fourth of 2001 and the first of 2002 -- of close to zero growth. But this may be the first recession we've gotten through without two quarters of consecutive shrinking gross domestic product (GDP).»
Author: Lara Rhame
«We saw the unemployment rate actually holding throughout most of this slowdown, and only about four months ago we were at a 4.5 percent unemployment rate, ... The average recession sees a lot of job losses, so we've got a lot of catching up to do.»
Author: Lara Rhame
«It's hard to find anything even remotely good about these numbers. This is pretty much going to quash any reason to buy the dollar,»
Author: Lara Rhame
«The economy's performance since Sept. 11 has been extremely resilient and based on unshakeable consumer confidence,»
Author: Lara Rhame
«Probably the easiest way to think about the Sept. 11 event is to think of bouncing a ball off the roof of a garage onto the driveway, ... The ball's bouncing around, and it's still unclear what the slope of the driveway is. But we can be fairly sure it's sloping up.»
Author: Lara Rhame