Even in a healthy economy, you have layoffs, ... The Challenger number is more useful as a story telling device than an indicator.
More Quotes from Ethan Harris:
For the Fed to hike rates now would be the equivalent of a doctor prematurely declaring a patient at full health, discharging them from the hospital and then forcing them to run a mile.Ethan Harris
They'll wait to see how Christmas shapes up, and if it's weak, they'll give another rate cut in January.
Ethan Harris
We've been trying to see whether the improvement of the economy and financial market will carry the day in terms of consumer confidence, or if worries about labor will dominate. It looks like the 'glass-half-full' view is winning.
Ethan Harris
With inflation trending up, we believe the Fed will want to stay on the tight side of neutral for an extended period.
Ethan Harris
In an ideal world, three simultaneous gradual adjustments would happen. The U.S. eliminates the budget deficit, China revalues by 30 percent and China works to rebalance growth more to consumption and less to exports. Of course none of this will happen and the pressure for protectionism from Congress grows.
Ethan Harris
This is another of these little hints that we won't get a strong employment number on Friday.
Ethan Harris
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Based on Topics: Health QuotesI will confess I did none of my own singing. I did all my own costume and makeup, though.
Gary Cole
We know next to nothing of what we're going to know in 20 or 50 years.
Leon Kass
Fear of error which everything recalls to me at every moment of the flight of my ideas, this mania for control, makes men prefer reason's imagination to the imagination of the senses. And yet it is always the imagination alone which is at work.
Louis Aragon