Lara Rhame Quotes

We may have hit bottom here, to some extent... We're facing two quarters -- the fourth of 2001 and the first of 2002 -- of close to zero growth. But this may be the first recession we've gotten through without two quarters of consecutive shrinking gross domestic product (GDP).

- Lara Rhame

Tags

Bottom | Extent | Facing | Quarters | Fourth |

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This is more an unwind of positions betting against the yen. It's been very surprising how fast this correction has been. The speed of the move has shocked a lot of people. - Lara Rhame

There can be a circular effect -- if consumers lose confidence and businesses are nervous that the consumer will stop spending, and they downgrade production expectations or lay people off or stop hiring people because they don't think they'll get revenue, that makes consumers more nervous. - Lara Rhame

We saw the unemployment rate actually holding throughout most of this slowdown, and only about four months ago we were at a 4.5 percent unemployment rate... The average recession sees a lot of job losses, so we've got a lot of catching up to do. - Lara Rhame