Ethan Harris Quotes

Imagine you're a bank. The corporate sector isn't interested in borrowing, so you can't lend to it. So where do you go? Well, mortgages. They pay a reasonable rate. They're seen as a safe investment. Load up on mortgage-backed securities.

- Ethan Harris

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Imagine | Bank | Corporate | Sector | Interested |

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Now you are entering a much more uncertain period. - Ethan Harris

Our feeling is that because you have a new central banker, they are going to want to err on the side of restraint against inflation. - 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