Ethan Harris Quotes

This large inflow is an important prop for the Treasury market, helping keep yields in their current low trading range... Not only is the inflow large relative to new Treasury supply, it may also help stabilize the market when it comes under pressure. If investors start to shy away from the U.S. market, the dollar comes under downward pressure and the Asian central banks pile in to support the U.S. market.

- Ethan Harris

Tags

Large | Inflow | Important | Prop | Treasury |

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You probably want to subtract about two-tenths of a percent from first-quarter GDP growth. But that's looking like very old history, with the Fed having eased twice since the first quarter... From the market's perspective, you feel like you're in a different world already. The first quarter looks very distant, indeed. - Ethan Harris

Before the war, consumers were doing OK, but the corporate sector didn't want to get going... We're back to the same environment. You see it in surveys of CEOs -- they just aren't convinced that now's the time to start expanding their business. - Ethan Harris

The third quarter was the sweet spot for profits from an economic perspective. You had this pickup in growth, but you didn't have the pickup in costs. In terms of growth, this is the best quarter we're going to see. - Ethan Harris