We're definitely going to have a strong recovery, but it's not going to be as robust as people think. It's going to be the second quarter before we get any kind of positive gross domestic product growth.
More Quotes from Lara Rhame:
Stocks usually lead us out of a recession, but not this time. That throws in a whole new level of uncertainty about how businesses are going to behave. We don't know if there will be enough business confidence without stocks coming back.Lara Rhame
This is not a 'ripping off the Band-Aid' kind of situation, where you know how much the pain will be and that you'll be fine afterwards. We don't know how well the economy has healed. The Fed remains very concerned ... that they might overshoot and give the economy such a shock they'll have to cut rates again.
Lara Rhame
People choose to consume based on expected earnings. The unemployment data should take some of the froth off of a couple of really strong recent data reports.
Lara Rhame
Certainly this Christmas shopping season is going to make for a lot of very negative headlines. The concern is that this weakness will be a self-reinforcing phenomenon, but the confidence numbers indicate that may not happen.
Lara Rhame
Given that the economic data will be strong, people will wonder why the Fed is not moving, which could cause some volatility in the markets. But we think the Fed will remain on hold for quite some time.
Lara Rhame
We saw the unemployment rate actually holding throughout most of this slowdown, and only about four months ago we were at a 4.5 percent unemployment rate, ... The average recession sees a lot of job losses, so we've got a lot of catching up to do.
Lara Rhame
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My point is cutting spending shouldn't be reliant on the debt limit though. It's something we have to do. The good news for America is, leaders in both parties, the president, believe that we have to have significant deficit reduction. So the intent is there. And I think what America is going to demand is that our leaders come together.David Plouffe
There are mighty few people who think what they think they think.
Robert Henri
Be more dedicated to making solid achievements than in running after swift but synthetic happiness.
Abdul Kalam