Inflation springs from how intensely resources are used. There is an enormous amount of unused capacity sitting out there, and it takes a lot of growth to absorb that.
More Quotes from 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 extraordinary events of the time make a person. He'll be bigger than life because of that.
James Glassman
I really think the economic issue is going to play well for the President because we're getting the kind of growth that will create jobs.
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
I think they'll just do 50 (basis points), and leave in their statement it open-ended because the market is already anticipating a fair amount more easing by the Fed anyway, ... We'll hear more in Mr. Greenspan's testimony (before Congress) in February about what they plan to do.
James Glassman
The labor force is very flexible. If wages go up, it may suck all these workers back in.
James Glassman
Readers Who Like This Quotation Also Like:
Based on Topics: Resource QuotesI have no fear of making changes, destroying the image, etc., because the painting has a life of its own.
Jackson Pollock
There has always been a feeling with people that they love my singing but not always the choice of material.
Alison Moyet
I'm definitely more attracted to chaos than to order.
Connie Nielsen