A Quote by Elaine Chao
Given the rest of the economic news, including the fact that GDP growth is positive, inflation is still low, jobless claims are still moving downward and temporary services are firming up, that means the recovery continues, and we hope it will continue in a more robust fashion.
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The difficulty for Mr. Obama will be when the public sees where his decisions lead - higher inflation, higher interest rates, higher taxes, sluggish growth, and a jobless recovery.
I would be strongly committed to working with the FOMC to continue promoting a robust economic recovery ... I consider it imperative that we do what we can to promote a very strong recovery.
If China don't free up the political side, its economic growth will come to an end - while it is still at a very low level.
During the slow recovery after the Great Recession, inflation was very low, and it took us a while to get it back moving up.
We still have a great amount of work to do in social development, including resolving one of the biggest challenges we face in this area, namely, reducing the gap between high-income earners and people, citizens of our country, who are still living on very modest means indeed. But we cannot, of course, adopt the solution used 80 years ago and simply confiscate the riches of some to redistribute among others. We will use completely different means to resolve this problem, namely, we will ensure good economic growth.
If you listen to the news, read the news, you'd think we were still in a recession. Well, we're not in a recession. We've had growth; people need to know that. They need to be more upbeat, more positive.
Inflation is always and everywhere a monetary phenomenon in the sense that it is and can be produced only by a more rapid increase in the quantity of money than in output... A steady rate of monetary growth at a moderate level can provide a framework under which a country can have little inflation and much growth. It will not produce perfect stability; it will not produce heaven on earth; but it can make an important contribution to a stable economic society.
Coming to the growth potential in financial services, there is enough data to show that, usually, financial services grow about twice or two and a half times of what the economy, the GDP growth rates.
The industrial world enjoys a rare combination of growth and low inflation; the 'Washington consensus,' a model of economic development that emphasizes macroeconomic discipline and open markets, is being adopted by more countries.
The road to economic well-being is to reward productive economic activity and to provide a moderate and predictable growth of money to finance real economic growth without reigniting the fires of inflation.
For equity markets, the combination of low interest rates, strong economic growth and low inflation has proved very beneficial, with global share markets rising solidly in each of the past three years. This has been underpinned by strong growth in profits so that, notwithstanding the rise in share prices, P/E ratios have been declining on average.
Russia and China have maintained that people prize stability over freedom and that as long as the central State creates conditions for economic growth, people will be complacent and will be willing to literally sell away their rights. In fact, this very economic growth will eventually catch up with these regimes.
We need economic growth, yes, but growth can be jobless, so a sustainable development framework for employment must include a job creation strategy.
"The ultimate recession": a recession caused not by failed regulation and bankers' greed, but by very high oil prices, food and water shortages, disappearing forests, accelerating climate change, forced migration and mass civil disruption...The long and the short of it, unfortunately, is this: more politicians still believe that economic recovery depends on continuing to live beyond our means (financially and ecologically) than on learning to live within our means. And that's why the ultimate "Perfect Storm" recession still looms on the horizon
Inflation is not only unnecessary for economic growth. As long as it exists it is the enemy of economic growth.
Quitting, for me, means not giving up, but moving on; changing direction not because something doesn’t agree with you, but because you don’t agree with something. It’s not a complaint, in other words, but a positive choice, and not a stop in one’s journey, but a step in a better direction. Quitting-whether a job or a habit-means taking a turn so as to be sure you’re still moving in the direction of your dreams.
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