Once upon a time, business solved its problems by raising prices. Now, they solve their problems by cutting costs and getting better productivity. It reflects that productivity but doesn't force pricing, doesn't constrict profit margins. It's what an economy's supposed to do.
More Quotes from Neal Soss:
In its own way, this activity of testifying before the Congress is most like being a professor. You start by giving a lecture. And then you submit, so to speak, to questions from your students. So temperamentally, I think he's very well-suited to this sort of congressional appearance.Neal Soss
Market participants may well associate bad news on the economy with an increase in fiscal spending and lower bond prices.
Neal Soss
Warmer than normal Januarys have a penchant for producing surprisingly strong payroll numbers.
Neal Soss
The word 'measured' could very readily disappear now. They'll probably tweak the words one more time in the direction of being that much more open-ended, but maybe with the emphasis on 'ended' than 'open.
Neal Soss
The good news from market perspective is that if the economy is slower, all else equal, that takes pressure off the Federal Reserve.
Neal Soss
The economy is doing fine. We're at the lowest unemployment rates in a generation. Inflation is hard to find. There's just aren't the kinds of problems that would induce to you take new medicine. So if the medicine at the moment is a 4-34 percent Fed funds rate, keep it there.
Neal Soss
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Based on Topics: Business & Commerce Quotes, Time QuotesBased on Keywords: constrict
Forbidden pleasures alone are loved immoderately; when lawful, they do not excite desire.
Marcus Fabius Quintilian
I had a lot of success from the start. I never really was tested for long periods of time. I got my first professional job while I was a senior in college. I signed with the William Morris Agency before I graduated.
Denzel Washington
We can chart our future clearly and wisely only when we know the path which has led to the present.
Adlai E. Stevenson