Central banks having lived through that era where inflation went up ... are not inclined to make excuses if inflation goes up again.
More Quotes from James Glassman:
Skeptics will point to other waves of innovations in the past, but things are happening at lightning speed here. Two years ago no one knew what 'dot com' was.James Glassman
Two things every American knows the price at the gas pump and their house story. We all sense there is a shift in the market . . . from a seller's market to a buyer's market. We'll see more in the data in the coming months that will confirm what we all know.
James Glassman
My guess is there will be a bigger stimulus package in the months ahead -- more than 50 billion -- in response to frustration they can't get the economy moving faster.
James Glassman
The economic loss from the one-day demonstration may not be as big as the realization that (illegal immigrants make up) an important part of the economy. It's probably a small number only because it's a one-day event.
James Glassman
I saw in Greenspan somebody who thinks differently about the world than I did. Over time, I watched this process and (realized) that's what gave Greenspan such an edge. The real edge he had is that he's fairly humble and realizes that no human being knows the answer, and he listens to market signals for guidance.
James Glassman
If we get another jobs report as weak as this, there's no way the Fed will hike in September.
James Glassman
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I'm not going to be lectured to.Ann Coulter
I love to be directed. They can trust me and go.
Jeff Goldblum
If we do not provide education for every single American, we are consigning those without an education to second-class status.
Patrick J. Kennedy