Ethan Harris, former chief U.S. economist at Lehman Brothers Holdings Inc., recalls packing his family photos and top research into a suitcase five years ago on the Friday before the company went under.
‘Disappointing’ job gains will prevent the U.S. economy from growing as much as previously thought, according to Ethan Harris , head of North America economics at Bank of America-Merrill Lynch Global Research in New York.
Federal Reserve Chairman Ben S. Bernanke sent bond yields a percentage point higher just by talking about adding stimulus at a slower pace. The rout serves as a warning to monetary policy makers that their exit from record accommodation won’t be easy to control.
Chalk one up for Mr. B. He confounded nearly everyone, postponing policy change after months of suggesting otherwise. Only BofA economist Ethan Harris correctly predicted the chairman would taper his taper talk... a bold prediction he shared with us on July 30 during our Street Smart show.
The unemployment rate in the U.S. will probably fail to drop below 9 percent in 2011, said Jan Hatzius , chief U.S. economist at Goldman Sachs Group Inc., and Ethan Harris , head of developed-markets economic research at Bank of America Merrill Lynch.