Macroeconomic Trends Quotes

The CBO is the only group that makes the weatherman's ten-day forecast look like exact science. They seem to miss their projections with extreme regularity.

We’ve never had a decline in house prices on a nationwide basis. So, what I think what is more likely is that house prices will slow, maybe stabilize, might slow consumption spending a bit. I don’t think it’s going to drive the economy too far from its full employment path, though.

In terms of economic growth, PIMCO originated the famous phrase the 'new normal.'

One factor that favors easier adjustment in EMEs is that U.S. monetary policy normalization has been and should continue to be gradual, as long as the U.S. economy evolves roughly as expected.

Most of the time, economic data is fairly benign. I don't wish to imply it is meaningless, but it is not a driver of stock markets. Indeed, the correlation between economic noise and how equity markets perform has been wildly overemphasized.

It is more important what the jobs report shows in December and January -- that will affect how many rate hikes we'll have this spring.

The markets are much more interested in America's long-term trajectory than they are in feeling that there is an acute short-term crisis.

Economic systems rise and fall just like empires. That's the kind of perspective we need to take if we hope to prosper for centuries rather than for the next quarter.

When I hear people express extreme optimism about the Internet, I say, we've had it in mature form for about ten years. Macroeconomically speaking, those are about the worst 10 years we've had since about the 1930s. I don't blame the Internet for that - that would be ridiculous.

[Discussing economic trends:] You can find a study that says anything.

The risk that the economy has entered a substantial downturn appears to have diminished over the past month or so.