Ethan Harris Quotes on Education (4 Quotes)

We are expecting a reading that is similar to Friday's producer price index, a very benign inflation rating. Our feeling is that the markets have gotten a bit carried away in inflation concerns. They've heard Greenspan say that inflation is showing up on the radar screen and they're waiting for it to show up any day now. But the inflationary picture remains just as good as ever.

It's true there's been a shift of income distribution, with a lot of income gains accruing to upper income individuals. The labor market is paying a bigger and bigger premium for being well educated, ... At the other end of the distribution, if you look at Joe Six-Pack, you've seen a big decline in big paying, low skill jobs in manufacturing.

Only with very weak U.S. growth or a major drop in the U.S. dollar will the trade deficit improve on a sustained basis. The reason you need these dramatic movements is that the U.S. has, according to almost every study, an incredible appetite for imports.

A negative reading would be a noticeable headline. Some people will quickly discount it, say it's old news, but it could reawaken concern about the economy.