Lara Rhame Quotes

This is undeniably good news. The crucial question going forward is going to be if the rise in confidence is reflected in more spending on the part of the consumer, or if it's simply a patriotic rally.

- Lara Rhame

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In a typical recession, you see people...consolidate their domestic balance sheets. Instead, spending [has been] as robust as before, and that's hurt domestic balance sheets. We're really at a point where the consumer is squeezing water out of a stone. It doesn't provide the ground for a robust recovery. - Lara Rhame

Probably the easiest way to think about the Sept. 11 event is to think of bouncing a ball off the roof of a garage onto the driveway... The ball's bouncing around, and it's still unclear what the slope of the driveway is. But we can be fairly sure it's sloping up. - Lara Rhame

The 'new economy' was a new beast to some extent, and the Fed was too lenient in terms of letting consumer exuberance get ahead of itself. They should have been moderating growth in 1997 and '98. - Lara Rhame