Wayne Ayers Quotes

Found 44 quotes by Wayne Ayers.
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"We're nowhere close to the Japanese example. When you have real deflation as they have in Japan, consumers expect prices to be lower, and they defer purchases, which makes the spiral worse. That's not an apt description of what the American consumer has been doing."

Wayne Ayers

"We'll probably have a moderate-paced recovery. I couldn't agree more with the Greenspan's forecasts that it would be a sub-par recovery."

Wayne Ayers

"They've got more room to move, and they will move. That's what they've always done in past recessions and what they'll do again."

Wayne Ayers

"It's clear the consumer has progressively turned more cautious and conservative. Given that, and given that business capital spending has yet to come back, how long can this recovery keep on going? These numbers certainly make that a legitimate question."

Wayne Ayers Topics: Business

"I think (Fed Chairman) Alan Greenspan has made it all but official, we'll get another rate cut in June, but my guess is a quarter point rate cut, principally because of what we're seeing on the inflation report. The CPI and PPI have been trending up over the last two years."

Wayne Ayers

"This liquidation has been so sharp, so severe, not just in this last quarter, but over the past year, that even with a modest pickup in demand, production is almost bound to increase as we move through the balance of this year."

Wayne Ayers

"Inventories are at rock-bottom levels -- even if economic growth slows in the fourth quarter, those inventories will have to be rebuilt, otherwise businesses risk losing business."

Wayne Ayers

"Firms in the past year have continued to invest in equipment and technology to improve productivity. And with good reason -- the cost of capital is below the cost of labor."

Wayne Ayers

"It is a genuine shocker... I don't think anyone anticipated a decline of this magnitude."

Wayne Ayers

"It's unclear what lower rates would do. If it's really true that productivity and structural changes are causing labor market weakness, it's not clear that another cut in rates would be helpful to the labor market."

Wayne Ayers

"The second half will show some better growth. Will that be sustained past the second half? For that, two things have to happen: we have to see a pickup in business spending, and the labor market has to stabilize and improve, creating permanent employment. We don't expect to see that until year-end."

Wayne Ayers Topics: Growth

"I think the Fed felt this was not the time to be cautious and conservative."

Wayne Ayers

"I think the general message here is that despite the fears about a low savings rate, the consumer continues to hang in there, and that's essentially the only thing that's going to keep the economy on track."

Wayne Ayers

"Certainly those auto incentives were helpful in giving us that growth in the fourth quarter. But we have to remember that even outside of autos, the consumers have really hung in there. I don't think it's entirely a fluke. I don't think it accounts for the ongoing strength of the consumer."

Wayne Ayers

"You can't read too much into any one number, but it's a sharp rebound from the lows of October. Given that and a few other things, the bond market's more recent expectation is that the Fed, if it's not finished, is close to being finished."

Wayne Ayers

"At labor market turning points, the household survey does better because it picks up self-employed workers and others not reflected in the business survey. But I'm still not convinced the labor market is quite as strong as the household data say it is."

Wayne Ayers

"Productivity growth helps keep inflation at bay and allows real incomes to grow, but it makes businesses even slower to hire than usual."

Wayne Ayers

"This is the third decline in the last four months. Again, it's worrisome, but not surprising."

Wayne Ayers Topics: Decline

"I'm not sure Taylor has the political savvy for the job."

Wayne Ayers Topics: Job

"I think their desired stance is to stand pat for an extended period of time rather than cut rates, unless they are confronted with an external shock to the global financial system."

Wayne Ayers

"The good news is that this is going to go directly to the corporate bottom line. That's a real plus for profits, which means a real plus for corporate spending and the recovery going forward."

Wayne Ayers

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