Alan Ruskin Economy Quotations

(Greenspan's) comments on the economy regaining traction included a range of examples, but all of them have caveats attached, and none are that convincing,

Up until recently, oil price hikes have offset disinflation. This time around, we're in a situation where inflation is starting to peek its head above the parapet, and policy makers will see it more as an inflation threat. That's problematic -- if they have to start reacting to higher inflation pressures by raising rates, that does slow the economy down.

It was slightly weaker than expectations, but manufacturing is still healthy. It confirms that the economy is still ticking along.

In the aggregate, the economy has clearly stalled, and at  best grew close to zero in the second quarter,

Clearly the economy had a good head of steam on it right through the hurricane period.

The economy is generally slowing for a wide variety of reasons -- energy is one, but also the stimulus is wearing off.