A Quote by Mohamed El-Erian

The once-unthinkable loss of the AAA rating will constitute a further hit to already fragile business and consumer confidence.

Mohamed El-Erian

Quote Topics

Business Confidence Constitute Consumer Consumer Confidence Fragile Further Hit Loss Once Rating Unthinkable Will

Quote Author

Mohamed El-Erian
Egyptian - Businessman
Born: August 19, 1958

The Australian economy is resilient, but business and consumer confidence is fragile.

Julie Bishop

It's not a stretch to say the whole financial industry revolves around the compass point of the absolutely safe AAA rating. But the financial crisis happened because AAA ratings stopped being something that had to be earned and turned into something that could be paid for.

Matt Taibbi

Politics thrives on simple, clean messages, something that played to Obama's advantage in 2008. Stagnant unemployment and the loss of America's AAA rating are as simple and tough as they come. This is the economy on Obama's watch, and there's no one left to blame.

John Sununu

Junk bonds prove there's nothing magical in a Aaa bond rating.

Merton Miller

Michigan is also the only industrial state that has a AAA credit rating.

John Engler

I don't think the AAA is an end in itself; we will maintain prudent financial management with or without the AAA.

Jay Weatherill

We may very well be faced with the choice of retaining the AAA credit rating or abandoning some of our key infrastructure projects, which are about jobs for the future. I will choose jobs in that equation every time.

Jay Weatherill

Defaulting on the nation's debt would be cataclysmic. The U.S. Treasury's Aaa rating is the one constant in the world's financial system. When times are bad anywhere on the planet, global investors flock to Treasury bonds because they know they will get their money back.

Mark Zandi

Even institutions of State, such as the judiciary, were seriously weakened, to the extent that the citizenry justifiably feared a breakdown in law and order. The business community was hit by a slump in sales and confidence, leading to reduced earnings and loss of jobs.

Kamisese Mara

Americans reading the paper, listening to the news every single day, and all you hear is things are getting worse and worse. And that has a psychological effect on consumer confidence. That's what consumer confidence is.

Howard Schultz

Our first benchmark is to cut the deficit more quickly to safeguard Britain’s credit rating. I know that we are taking a political gamble to set this up as a measure of success. Protecting the credit rating will not be easy The pace of fiscal consolidation will be co-ordinated with monetary policy. And we will protect Britain's credit rating and international reputation.

George Osborne

Unacceptable, maybe. But not unthinkable. Nothing's unthinkable once somebody's thought it.

Robert Silverberg

Even if consumer confidence hit rock bottom, that most likely would not be enough, by itself, to cause a depression.

Charles Duhigg

Being in the consumer business helps us groom talent in areas like marketing, finance and logistics. We can benchmark our outsourcing business to our consumer business and its best practices.

Azim Premji

Eliminating the Death Tax will continue to restore consumer confidence, spur capital investment, and create new jobs which are critical components of economic growth, particularly within the small business community.