Carl Tannenbaum Quotes (23 Quotes)

All three of the Big Three automakers have been increasing the amount of their production planning, ... We're also seeing a little kick-up in overtime hours. Even if demand tapers off, they'll need to get production going to get inventories to more normal levels.

We've given the auto industry steroids, and we might be looking at a period of withdrawal as auto companies wean themselves from these stimulants,

Households and corporations are still very active and are creating economic momentum, which is tremendously encouraging news for the economy. The only dark cloud comes from the news on prices, which are going up.

Foreclosure depresses an area in a variety of ways.

There is short-term certainty and medium-term mystery for the Fed.

It's certainly surprising. I mean, all of the recent news suggested that we're going down a slippery slope toward a slower economic time.

Our guess is that long-term rates will begin to drift up later this year, albeit modestly.

Eighteen years of excellence has earned Greenspan the benefit of the doubt when blame is being allocated.

We're trained to think that rapid growth after six years of expansion is finally going to kick prices up a little bit, but in fact they're going in the opposite direction,

It has surprised all of us that the economy has performed so strongly, but we think that the accumulated influence of higher rates both in the market and by the Fed will begin to take a little bit of starch out of the economy.

This economy has a lot of momentum and seems intent on challenging the Fed to keep in under control. Inflation is a real risk here after six years of expansion. The Fed perhaps is taking the first step, a down payment if you will, to try and keep that under control. But it may take more than what we saw yesterday.

With holiday sales looking a little better than expectations and the Purchasing Managers Index up when we were expecting a decline, it's clear that the fear that many had that we had slowed down too far is unwarranted.

Unfortunately, I don't think the news tomorrow morning will put smiles on any faces.

We seem to be continuing to defy these natural limits of the economic cycle and we should be able to push forward at a decent pace in the second half without risking inflation,

It is the litany of uncertainty this year - the housing market moderation, worry about energy prices that may be factoring into peoples' views about the future.

The survey was taken in a dark week immediately after Katrina. The images (in the media) were of the type that don't makes us confident about anything.

Frankly, I think that's healthy. Property has gotten so expensive, maybe people are getting a little bit of sticker shock.

We've been able to achieve great things amid great challenges- including the stock market crash of 1987, the bursting of the stock bubble in 2000, two wars and the September 11, 2001, terror attacks. Alan Greenspan might be thought of as our most valuable economic player.

While auto sales make up a small share of GDP, they make up a big share of the change in GDP, ... As you see changes in the auto industry, it will contribute to headline economic growth numbers.

The new chairman, undoubtedly, is going to be someone that the administration is comfortable with, but I think the new chairman should take the step early on of showing that they are going to remain independent-minded.

The pool of available labor is diminishing and worker efficiency is growing more slowly. This adds up to a higher level of pressure on wages, and, by inference, on inflation.

Energy costs, which act as a tax on consumer budgets, are taking a smaller bite out of consumer pocketbooks. There is, therefore, more money available to spend on other (non-energy) things.

If they have to ring some inflation out of the system, the initial list of victims has to include housing markets. You have a risky period for consumers for the next six to eight months.