Jack Welch. Interviewed January 19, 2007:
Q: What do you think of analysts who predict we'll be in recession in six months?
A: They should find another line of work.
Q: Do you think sentiment is too bullish?
A: I'm not here as a market timer. I'm here to tell you this economy's in one helluva good shape.
Ben Bernanke. June 21, 2007:
"We have not seen major spillovers from housing onto other sectors of the economy."
Henry Paulson. July 31, 2007:
"I take comfort from the underlying economic strength…. Listen, I’ve been watching markets for a long time. It’s my job to be vigilant, so I’m watching these markets carefully."
Henry Paulson. August 1, 2007:
"Treasury Secretary Henry Paulson said on Wednesday the repricing of credit risk was hitting financial markets, but subprime mortgage fallout remained largely contained due to the strongest global economy in decades."
Frederic Mishkin. January 2007:
"To begin with, the bursting of asset price bubbles often does not lead to financial instability…. There are even stronger reasons to believe that a bursting of a bubble in house prices is unlikely to produce financial instability…. Declines in home prices are far less likely to cause losses to financial institutions.…"
-----//-----
Related posts:
0 comments:
Post a Comment