Robert Hormats Quotes (15 Quotes)

We still have the problem of the occupation of Iraq, which can be very uncertain and very dangerous. We still have North Korea, the potential for terrorism elsewhere and at home and SARS.

It is already putting downward pressure on the dollar and that will be a concern so they'll have to talk about trade and they'll have to talk about exchange rate stability,

He will reach out to a broader range of people to hear their point of view. The worst way to serve the president is to narrow the range of advice he is exposed to.

There is a strong, long-term American interest in closer economic, trade and financial relations with China, ... Business Day.

The market is beginning to focus on the huge U.S. trade imbalance and there is a view that as growth picks up in Japan and interest rates go up, a lot of the money coming from Japan to the U.S. will not come as rapidly into the U.S. securities markets, ... Before Hours .

Almost every major company in the world wants to do business with China or is in fact doing business with China and wants to participate in the growth of China. So if the transition goes well, that will reinforce their desire to build up their business relations with China.

Any country that seems to have a slightly overvalued currency gets whacked by speculators. People go after the ones they think will be the weakest.

If it starts to cascade from one country to another, it will reduce the efficiency of the global economy and slow down the pace of activity.

I think business leaders will keep before them the longer term view of a very fast growing market in China, good investment opportunities, good trade investment opportunities, and they will argue very strongly against governments overreacting to any problems.

The refineries are going flat out and additional crude is not going to be able to go through those refineries right away, ... It's a good thing to show to the OPEC countries that we're doing something ourselves to increase supply, but it may not achieve much in the near term.

A lot of these countries owe money to U.S. banks in dollars and yen and, therefore, our financial institutions may find it a little more difficult to collect on some of that money.

We've depended very heavily on the inflows of foreign capital. And if for any number of reasons foreigners are reluctant to buy --Treasuries in particular -- that could cause a certain amount of volatility in the market,

He's got his antennae up all the time.

The U.S. is better off because we would not be selling very much to Mexico today if the Mexican economy were in crisis. In fact, we are selling more to Mexico today than before the crisis occurred.

He is very, very good about getting lots of information from people who actually run companies, who actually make financial and business decisions. ... When he sees them socially, he'll find out what's on their minds. He does that a lot. And people in turn are very discreet and they don't turn around and say he's called them.