Higher energy costs will clearly affect individuals and businesses alike, ... It is in fact an invisible tax that the economy could well do without.
More Quotes from Alan Ackerman:
The economy, which had slowed down sharply before the World Trade Center attack, was not necessarily headed for a recession. After the attack, the probability of the U. S. entering a recession is far greater,Alan Ackerman
The market has weathered a poor earnings period and increased anthrax anxiety and has come out of it pretty well. I'm encouraged. The imminent economic stimulus package and Federal Reserve cuts are providing further encouragement,
Alan Ackerman
The real problem is that until we get through this earnings period, there's going to be an awful lot of skepticism out there about whether or not companies met their objective, and concern over the economy.
Alan Ackerman
Some good economic news, together with a Microsoft ruling, helped energize the market, ... While many were disappointed that the Fed's quarter-point cut wasn't larger, the door has been left open for a further Fed move.
Alan Ackerman
There are fewer and fewer corporate CEOs who seem bullish on their own business.
Alan Ackerman
Next week will be very tense, full of sadness and recollections about Sept. 11 ... Prudent investors may not want to commit money until after we cross that date.
Alan Ackerman
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