Hurricane Katrina undoubtedly devastated individuals and communities... but on a macro-economic basis it's clear that the US economy has more than enough momentum to absorb the hit and recover quickly.
More Quotes from Bill Cheney:
While we're still skating on the edge of recession, I think the outlook for the economy is now quite encouraging. We may not feel great right now, but if a recession is a nasty case of the flu, the good news is that all we're suffering now is just a really bad cold.Bill Cheney
The good news for workers is that productivity growth cannot continue at this pace. Demand will translate into jobs very soon, and in fact I think it's happening right now.
Bill Cheney
There really is no inflation at the wholesale level.
Bill Cheney
Rising unemployment, ironically, contains good news. It signals people who had given up and dropped out of the work force are back looking for jobs. Clearly, they have hope there are jobs to be found.
Bill Cheney
As long as unemployment is relatively high ... the Fed is under no pressure to start tightening. Right now, you have to think they've really won the war on inflation -- they're at least as worried about deflation as inflation at this point. They're not going to do anything that would jeopardize this recovery right now.
Bill Cheney
Readers Who Like This Quotation Also Like:
Based on Topics: Communities QuotesBased on Keywords: macro-economic
Shooting a television show can be very difficult and at times can really wear on you. If you keep reminding yourself that it is a job and you show up together as a team and as a whole, you can prevail.
David Boreanaz
You have been tried by twelve good men and true, not of your peers but as high above you as heaven is of hell, and they have said you are guilty.
Roy Bean
I think each one of us has committed to improving.
Jimmy Haynes