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【TOP 50】James Glassman Quotes - WhatsApp Status | Page-1

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Consumer spending grew almost 4 percent in the spring quarter, before the tax stimulus package. In the third quarter it looks like consumer spending is going to be up 6 percent or so. - James Glassman Quotes

Consumer spending grew almost 4 percent in the spring quarter, before the tax stimulus package. In the third quarter it looks like consumer spending is going to be up 6 percent or so.

I think anybody in the Fed chief position realizes that the job is not about proving credentials. It's about doing what's right for the economy, - James Glassman Quotes

I think anybody in the Fed chief position realizes that the job is not about proving credentials. It's about doing what's right for the economy,

The squeeze on consumers is building. Retailers and other folks who deal with the customer are going to feel the customer's pain this fall and Christmas season. We'll be going through a short period of slow growth. - James Glassman Quotes

The squeeze on consumers is building. Retailers and other folks who deal with the customer are going to feel the customer's pain this fall and Christmas season. We'll be going through a short period of slow growth.

Two things every American knows: the price at the gas pump and their house story. We all sense there is a shift in the market . . . from a seller's market to a buyer's market. We'll see more in the data in the coming months that will confirm what we all know. - James Glassman Quotes

Two things every American knows: the price at the gas pump and their house story. We all sense there is a shift in the market . . . from a seller's market to a buyer's market. We'll see more in the data in the coming months that will confirm what we all know.

the long-run budget impact, despite all the screaming and hand-wringing about this...is really very small, very modest. - James Glassman Quotes

the long-run budget impact, despite all the screaming and hand-wringing about this...is really very small, very modest.

They are not committing anybody to a March rate hike. - James Glassman Quotes

They are not committing anybody to a March rate hike.

I think they'll just do 50 (basis points), and leave in their statement it open-ended because the market is already anticipating a fair amount more easing by the Fed anyway, ... We'll hear more in Mr. Greenspan's testimony (before Congress) in February about what they plan to do. - James Glassman Quotes

I think they'll just do 50 (basis points), and leave in their statement it open-ended because the market is already anticipating a fair amount more easing by the Fed anyway, ... We'll hear more in Mr. Greenspan's testimony (before Congress) in February about what they plan to do.

Usually economists are figuring things out after the fact, especially the Fed chairman. - James Glassman Quotes

Usually economists are figuring things out after the fact, especially the Fed chairman.

When you're an economist trained in conceptual stuff, you tend to be less intuitive. You fall back on this conceptual framework that the profession has invested a lot of time in. - James Glassman Quotes

When you're an economist trained in conceptual stuff, you tend to be less intuitive. You fall back on this conceptual framework that the profession has invested a lot of time in.

There is a way they come to a conclusion, and it is your job to not constantly be picking fights with it, - James Glassman Quotes

There is a way they come to a conclusion, and it is your job to not constantly be picking fights with it,

The consumer is slowing down gradually, so anybody dealing with a customer is going to find that it's a lot more competitive. - James Glassman Quotes

The consumer is slowing down gradually, so anybody dealing with a customer is going to find that it's a lot more competitive.

The thought of oil as a tax doesn't sit right with me. It may be a tax on consumers but it's a plus for producers, ... If you follow the money, my loss is someone else's gain and what starts out as a tax quickly becomes a more balanced picture. - James Glassman Quotes

The thought of oil as a tax doesn't sit right with me. It may be a tax on consumers but it's a plus for producers, ... If you follow the money, my loss is someone else's gain and what starts out as a tax quickly becomes a more balanced picture.

For every dollar that is coming in is a job going out. - James Glassman Quotes

For every dollar that is coming in is a job going out.

This is a view of the economy as we knew it; the world has changed a bit (since then). It's highly likely the Fed will pause for a while. - James Glassman Quotes

This is a view of the economy as we knew it; the world has changed a bit (since then). It's highly likely the Fed will pause for a while.

The report is moderate -- it is not terrible. There is nothing wrong with the economy. What it confirms is that the economy is not out of control. - James Glassman Quotes

The report is moderate -- it is not terrible. There is nothing wrong with the economy. What it confirms is that the economy is not out of control.

It'll end up being a pretty significant hit. It's easy to forget that these natural disasters destroy wealth. ... You can't make that up. - James Glassman Quotes

It'll end up being a pretty significant hit. It's easy to forget that these natural disasters destroy wealth. ... You can't make that up.

These long-run worries, there's an element of truth to them, but I think frankly the fears are exaggerated. - James Glassman Quotes

These long-run worries, there's an element of truth to them, but I think frankly the fears are exaggerated.

Truth

Inflation springs from how intensely resources are used. There is an enormous amount of unused capacity sitting out there, and it takes a lot of growth to absorb that. - James Glassman Quotes

Inflation springs from how intensely resources are used. There is an enormous amount of unused capacity sitting out there, and it takes a lot of growth to absorb that.

Skeptics will point to other waves of innovations in the past, but things are happening at lightning speed here. Two years ago no one knew what 'dot com' was. - James Glassman Quotes

Skeptics will point to other waves of innovations in the past, but things are happening at lightning speed here. Two years ago no one knew what 'dot com' was.

Past

The toys are there. Everyone has access to the same technology. - James Glassman Quotes

The toys are there. Everyone has access to the same technology.

When the economy recovers, the last place you are going to see it is in the job numbers. - James Glassman Quotes

When the economy recovers, the last place you are going to see it is in the job numbers.

This is adding to the evidence that the economy is going to pick up and I think that we're going to keep seeing a better job picture. - James Glassman Quotes

This is adding to the evidence that the economy is going to pick up and I think that we're going to keep seeing a better job picture.

It's reasonable for investors to be concerned with inflation, given six months ago we were talking about deflation. What we're seeing is the purchasing managers are telling us that the costs of some materials are going up. The question is, can it be passed on to consumers? - James Glassman Quotes

It's reasonable for investors to be concerned with inflation, given six months ago we were talking about deflation. What we're seeing is the purchasing managers are telling us that the costs of some materials are going up. The question is, can it be passed on to consumers?

This report just puts together all the news that people had been looking at for the last several weeks. The Fed is going to do what it takes because they fear that maybe growth in the first quarter is close to zero. - James Glassman Quotes

This report just puts together all the news that people had been looking at for the last several weeks. The Fed is going to do what it takes because they fear that maybe growth in the first quarter is close to zero.

News

My guess is there will be a bigger stimulus package in the months ahead -- more than $50 billion -- in response to frustration they can't get the economy moving faster. - James Glassman Quotes

My guess is there will be a bigger stimulus package in the months ahead -- more than $50 billion -- in response to frustration they can't get the economy moving faster.

Bankruptcy has a negative connotation to many people, but it's an important part of the streamlining of America. For companies that have gotten themselves down a dead-end alley, it's a way to back up and rethink. - James Glassman Quotes

Bankruptcy has a negative connotation to many people, but it's an important part of the streamlining of America. For companies that have gotten themselves down a dead-end alley, it's a way to back up and rethink.

The alternative [to a stimulus package] could be worse. If the economy flounders, then there's a loss of revenue, worsening the budget situation -- it could even be worse than the measures you take in the short run to fix the economy. - James Glassman Quotes

The alternative [to a stimulus package] could be worse. If the economy flounders, then there's a loss of revenue, worsening the budget situation -- it could even be worse than the measures you take in the short run to fix the economy.

Most of the (economic) numbers have been decent, but people just can't have a positive view on the economic trends til they can see the other side of these Middle East developments. - James Glassman Quotes

Most of the (economic) numbers have been decent, but people just can't have a positive view on the economic trends til they can see the other side of these Middle East developments.

We won't know what the trend is until we have several months behind us. - James Glassman Quotes

We won't know what the trend is until we have several months behind us.

I don't worry about new home sales, - James Glassman Quotes

I don't worry about new home sales,

Home

I get the feeling that the economy was really wanting to move ahead more quickly last year, then hit a bunch of speed bumps. I get the feeling companies are ready to start building their businesses and do lot of what normally happens in an expansion. - James Glassman Quotes

I get the feeling that the economy was really wanting to move ahead more quickly last year, then hit a bunch of speed bumps. I get the feeling companies are ready to start building their businesses and do lot of what normally happens in an expansion.

the tax program was designed to provide greater proportional relief for those who earn less income than for those who earn more. - James Glassman Quotes

the tax program was designed to provide greater proportional relief for those who earn less income than for those who earn more.

The only really new proposal in the [2003] initiative was the proposal to lower the tax on dividend income and capital gains, and it costs something like $20 billion to $25 billion a year, which is really trivial. - James Glassman Quotes

The only really new proposal in the [2003] initiative was the proposal to lower the tax on dividend income and capital gains, and it costs something like $20 billion to $25 billion a year, which is really trivial.

I really think the economic issue is going to play well for the President because we're getting the kind of growth [that will create jobs]. - James Glassman Quotes

I really think the economic issue is going to play well for the President because we're getting the kind of growth [that will create jobs].

If we get another jobs report as weak as this, there's no way the Fed will hike in September. - James Glassman Quotes

If we get another jobs report as weak as this, there's no way the Fed will hike in September.

Jobs

I think he'll leave it [the targets] at the door. The real world is more unpredictable and uncertain than the idealized world that academics push for. - James Glassman Quotes

I think he'll leave it [the targets] at the door. The real world is more unpredictable and uncertain than the idealized world that academics push for.

I saw in Greenspan somebody who thinks differently about the world than I did. Over time, I watched this process and (realized) that's what gave Greenspan such an edge. The real edge he had is that he's fairly humble and realizes that no human being knows the answer, and he listens to market signals for guidance. - James Glassman Quotes

I saw in Greenspan somebody who thinks differently about the world than I did. Over time, I watched this process and (realized) that's what gave Greenspan such an edge. The real edge he had is that he's fairly humble and realizes that no human being knows the answer, and he listens to market signals for guidance.

After doing the basics, government should get out of the way and let the city develop in a natural and organic way, - James Glassman Quotes

After doing the basics, government should get out of the way and let the city develop in a natural and organic way,

We're seeing it already. If you look at Wal-Mart's numbers and strip out the effect of grocery-store sales, there are signs of stress behind the scenes there, ... What many of us are concluding here is that ... because of what is going on with energy, we will probably see a much softer fourth quarter. - James Glassman Quotes

We're seeing it already. If you look at Wal-Mart's numbers and strip out the effect of grocery-store sales, there are signs of stress behind the scenes there, ... What many of us are concluding here is that ... because of what is going on with energy, we will probably see a much softer fourth quarter.

Sales

The fact that [Greenspan] is an intellectual leader will generate a lot of chatter ... The fact that the Fed chairman's highlighting it means it's got to be important. - James Glassman Quotes

The fact that [Greenspan] is an intellectual leader will generate a lot of chatter ... The fact that the Fed chairman's highlighting it means it's got to be important.

The overall business-spending picture looks grim because airlines are not buying aircraft and power-generating firms are not buying turbines, ... Aside from those things, there's a broad-based acceleration going on -- spending on almost every category [of goods] except those two is looking normal. Behind the scenes, there's a normal cyclical process building. - James Glassman Quotes

The overall business-spending picture looks grim because airlines are not buying aircraft and power-generating firms are not buying turbines, ... Aside from those things, there's a broad-based acceleration going on -- spending on almost every category [of goods] except those two is looking normal. Behind the scenes, there's a normal cyclical process building.

We're seeing it already. If you look at Wal-Mart's numbers and strip out the effect of grocery-store sales, there are signs of stress behind the scenes there. What many of us are concluding here is that ... because of what is going on with energy, we will probably see a much softer fourth quarter. - James Glassman Quotes

We're seeing it already. If you look at Wal-Mart's numbers and strip out the effect of grocery-store sales, there are signs of stress behind the scenes there. What many of us are concluding here is that ... because of what is going on with energy, we will probably see a much softer fourth quarter.

Sales

The overall business-spending picture looks grim because airlines are not buying aircraft and power-generating firms are not buying turbines. Aside from those things, there's a broad-based acceleration going on -- spending on almost every category [of goods] except those two is looking normal. Behind the scenes, there's a normal cyclical process building. - James Glassman Quotes

The overall business-spending picture looks grim because airlines are not buying aircraft and power-generating firms are not buying turbines. Aside from those things, there's a broad-based acceleration going on -- spending on almost every category [of goods] except those two is looking normal. Behind the scenes, there's a normal cyclical process building.

It's really picking up half of labor pay. - James Glassman Quotes

It's really picking up half of labor pay.

Labor

It's setting up for a better performance by the consumer. - James Glassman Quotes

It's setting up for a better performance by the consumer.

The extraordinary events of the time make a person. He'll be bigger than life because of that. - James Glassman Quotes

The extraordinary events of the time make a person. He'll be bigger than life because of that.

The labor force is very flexible. If wages go up, it may suck all these workers back in. - James Glassman Quotes

The labor force is very flexible. If wages go up, it may suck all these workers back in.

Central banks having lived through that era where inflation went up ... are not inclined to make excuses if inflation goes up [again]. - James Glassman Quotes

Central banks having lived through that era where inflation went up ... are not inclined to make excuses if inflation goes up [again].

This sounds like a good idea. It does make sense in much of the world. - James Glassman Quotes

This sounds like a good idea. It does make sense in much of the world.

The economic loss from the one-day demonstration may not be as big as the realization that (illegal immigrants make up) an important part of the economy. It's probably a small number only because it's a one-day event. - James Glassman Quotes

The economic loss from the one-day demonstration may not be as big as the realization that (illegal immigrants make up) an important part of the economy. It's probably a small number only because it's a one-day event.

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