Dana Johnson People Quotations

The reality is that many other people working in the auto industry are going to be asked to make painful adjustments, too, and a lot of people are going to say it's not worth it.

People are awfully comfortable with the outlook for stable Fed (policy), so bonds trade with the stock market.

This reminds me of the famous Sherlock Holmes mystery, where the dog that didn't bark was the key. It was what Greenspan didn't say more than what he did say that got the market excited. People were ready to hear a more upbeat reading on the economy than he gave.

That probably overstates the impact, just think of the army of people pouring into that region, and you see people spreading out across the country and getting jobs; it won't continue, I don't think those bottlenecks and shortages will continue. The broader concern is we have crude oil over $60 a barrel, which is the price even before Katrina was named, and that will have long-term effects on the economy, and I think that's a distinction that should be made.

Everybody's seeing the loss of the income and people are spending cautiously wherever they can.

The unemployment rate on a month-to-month basis bounces around quite a lot. The trend is for a small downward drifting in the unemployment rate, reflecting as much people withdrawing from the labor market as anything else.

These are job cuts, but they're happening in a rather humane way compared to what could have occurred. They were going to happen anyway. Now those people have more of a cushion with which to make adjustments in their lives.