Quotes by Robert Hormats

“We still have the problem of the occupation of Iraq, which can be very uncertain and very dangerous. We still have North Korea, the potential for terrorism elsewhere and at home and SARS.”

“They are doing better, but weve seen these packages in the past and it remains to be seen how much impact there will be in this package, ... But at least theyre doing something and thats a plus.”

“There is a strong, long-term American interest in closer economic, trade and financial relations with China, ... Business Day.”

“They were negotiating from a weaker position ... It would have been hard to defend some of these practices.”

“Theyre doing whats proved to work in the past, which is to tighten rates.”

“The market is beginning to focus on the huge U.S. trade imbalance and there is a view that as growth picks up in Japan and interest rates go up, a lot of the money coming from Japan to the U.S. will not come as rapidly into the U.S. securities markets, ... Before Hours .”

“It is already putting downward pressure on the dollar and that will be a concern so theyll have to talk about trade and theyll have to talk about exchange rate stability,”

“The U.S. is better off because we would not be selling very much to Mexico today if the Mexican economy were in crisis. In fact, we are selling more to Mexico today than before the crisis occurred.”

“A lot of these countries owe money to [U.S. banks] in dollars and yen and, therefore, our financial institutions may find it a little more difficult to collect on some of that money.”

“Any country that seems to have a slightly overvalued currency gets whacked by speculators. People go after the ones they think will be the weakest.”

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