Ethan Harris Quotes

We think the ISM services number is one of the worst monthly pieces of data there are. On a month-to-month basis, it has no correlation with service sector employment, and on a quarter to quarter basis, it has no correlation with service sector gross domestic product.

- Ethan Harris

Tags

Services | Number | Worst | Monthly | Pieces |

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This is a nice, clean post-Katrina read. You wouldn't know there'd been a hurricane by the way they're talking about the economy. - Ethan Harris

You're going to see continued cost discipline. So when growth comes it won't be spent on things like wage increases, but will flow to the bottom line. - Ethan Harris

Are the economic indicators looking like a recession? Absolutely. But you can still hold out hope that the war is resolved in a month or so and the economy can stage some kind of recovery. - Ethan Harris