The Greenspan Fed has inaction down to a fine art, ... They stood by through much of the late 1990s, allowing a very beneficial reduction in unemployment without suffering any inflationary consequences. When they do have to move, they do so quickly and surgically.
More Quotes from John Hancock:
These folks are scared to death.John Hancock
If the July jobs report was bad news, at least it wasn't awful news,
John Hancock
In principle, rapid productivity should make wages rise, but it seems that until the job market tightens up a bit, all the productivity gains flow to corporate profits,
John Hancock
Nothing could be more crazy than that. I had no idea that it was being changed. This guy is eat up with these conspiracy theories and this insanity.
John Hancock
The report is not quite as bad as it looks, but it's far from good news, with few signs of anything better ahead, ... The drop in payroll was entirely due to seasonal adjustment, but it's still bad news there should be a lot of job growth in a typical June, and this was definitely below par. Regardless of the reasons, there aren't enough jobs.
John Hancock
The sixth year of a presidency brings difficult elections for the party in power. We're expecting to see a political environment in November 2006 that is going to be substantially better than the one that exists today.
John Hancock
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I was frustrated because I couldn't get going, as I was trying to figure out how to make films. I had various jobs, I taught a SAT class, I was a bartender, I had a day job at an office and was making short films.
David O. Russell
Men will pay large sums to whores for telling them they are not bores.
W. H. Auden
One of the strengths I derive from my class background is that I am accustomed to contempt.
Dorothy Allison