While the equity market and accounting issues and corporate scandals are weighing on the economy, it is still fundamentally sound. The recovery process hasn't been derailed. We still think the economy is going to grow at about a 3.5-percent pace in the second half -- fast enough to keep the Fed from easing, but not fast enough to cause them to tighten this year. - Gerald Cohen Quotes
While the equity market and accounting issues and corporate scandals are weighing on the economy, it is still fundamentally sound. The recovery process hasn't been derailed. We still think the economy is going to grow at about a 3.5-percent pace in the second half -- fast enough to keep the Fed from easing, but not fast enough to cause them to tighten this year. Gerald Cohen
 Economy

More - Gerald Cohen Quotes

Goods prices are deflating and continue to deflate, but services prices are by no means deflating. Overall, prices continue to rise, so I'm not concerned about deflation. - Gerald Cohen Quotes

Goods prices are deflating and continue to deflate, but services prices are by no means deflating. Overall, prices continue to rise, so I'm not concerned about deflation.

Gerald Cohen

 
Goods prices are deflating and continue to deflate, but services prices are by no means deflating, ... Overall, prices continue to rise, so I'm not concerned about deflation. - Gerald Cohen Quotes

Goods prices are deflating and continue to deflate, but services prices are by no means deflating, ... Overall, prices continue to rise, so I'm not concerned about deflation.

Gerald Cohen

 
The claims have not been low enough to merit cheering, but the direction has been generally positive, and that's the first step. - Gerald Cohen Quotes

The claims have not been low enough to merit cheering, but the direction has been generally positive, and that's the first step.

Gerald Cohen

 Direction
A self-sustaining recovery depends on job growth. And I think we will get some going forward. - Gerald Cohen Quotes

A self-sustaining recovery depends on job growth. And I think we will get some going forward.

Gerald Cohen

 Growth
If prices are rising in response to a pickup in global demand, that's a good sign for the economy. Though it does impart a drag on the economy, you don't feel it as much. - Gerald Cohen Quotes

If prices are rising in response to a pickup in global demand, that's a good sign for the economy. Though it does impart a drag on the economy, you don't feel it as much.

Gerald Cohen

 Economy
We're talking about the difference between a little below and a little above, but the number is consistent with the view that we're going to see payrolls flat to lower in August. - Gerald Cohen Quotes

We're talking about the difference between a little below and a little above, but the number is consistent with the view that we're going to see payrolls flat to lower in August.

Gerald Cohen

 
But whether payrolls come in at minus 10,000 or plus 10,000, it won't tell you that much. - Gerald Cohen Quotes

But whether payrolls come in at minus 10,000 or plus 10,000, it won't tell you that much.

Gerald Cohen

 
Wouldn't it be nice to see a repeat of that? - Gerald Cohen Quotes

Wouldn't it be nice to see a repeat of that?

Gerald Cohen

 
It's consistent with the view that things are not good now, but there's the potential for a pickup. The only question is what the magnitude of the pickup is going to be, and we're not as sanguine as [Greenspan is] about that. - Gerald Cohen Quotes

It's consistent with the view that things are not good now, but there's the potential for a pickup. The only question is what the magnitude of the pickup is going to be, and we're not as sanguine as [Greenspan is] about that.

Gerald Cohen

 Potential
These numbers give you pause. The ISM and the fact that jobless claims continue to rise suggest there continues to be job loss. - Gerald Cohen Quotes

These numbers give you pause. The ISM and the fact that jobless claims continue to rise suggest there continues to be job loss.

Gerald Cohen

 
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