The problem is that labor has basically priced itself out of the market. We had a very sharp run up in compensation costs in the late 1990s. People got too expensive and they're still too expensive. - Paul Kasriel Visit FamousQuotes.com for more inspirational quotes
- Paul Kasriel Visit FamousQuotes.com for more inspirational quotes
I've thought there would be some moderation in consumer spending this year, but I also thought that job growth would be better at this point than it has been. It may be that consumer spending will moderate even more than what I'm forecasting. - Paul Kasriel Visit FamousQuotes.com for more inspirational quotes
Housing has gotten very expensive relative to income. - Paul Kasriel Visit FamousQuotes.com for more inspirational quotes
And rates are not likely to be adjusting downward. Households are paying about 13.75 percent of their aggregate tax income to service debt -- and it is going to go higher. - Paul Kasriel Visit FamousQuotes.com for more inspirational quotes
We should get a little better growth in the second half -- but not enough. By the end of the year, maybe we will have enough to stabilize the unemployment rate, but I think we will probably see a further drift up in the unemployment rate. - Paul Kasriel Visit FamousQuotes.com for more inspirational quotes
We're a what's-my-monthly-payment nation. The idea is to have my monthly payments as high as I can take. If you cut interest rates, I'll get a bigger car. - Paul Kasriel Visit FamousQuotes.com for more inspirational quotes
measure of the financial deficit that households are running at an annualized rate. - Paul Kasriel Visit FamousQuotes.com for more inspirational quotes
This is a warning signal ... that we are on recession watch now. - Paul Kasriel Visit FamousQuotes.com for more inspirational quotes
You can compare it to a corporation that issues stock and bonds and uses the money not for plant and equipment, but to throw a party for the employees. - Paul Kasriel Visit FamousQuotes.com for more inspirational quotes
Rising bond yields would hurt the housing market. Unless incomes pick up to offset higher financing, you're going to have a problem. - Paul Kasriel Visit FamousQuotes.com for more inspirational quotes
It's almost become a random number. - Paul Kasriel Visit FamousQuotes.com for more inspirational quotes
The only reason they won't cut is because Alan Greenspan suggested he wasn't yet in the mood to cut, ... He's probably a Cubs fan as well -- they always say, 'Wait 'til next year.' In this case, Greenspan says, 'Wait 'til the second half.' - Paul Kasriel Visit FamousQuotes.com for more inspirational quotes
Nothing seems to be going quite right. We're not seeing mass defections. The weather has been bad. Frustrations are starting to build that this might be going into a less antiseptic phase. - Paul Kasriel Visit FamousQuotes.com for more inspirational quotes
The creation of credit by the Fed, just like the scrip printed by a counterfeiter, does not result in the increased supply of energy. - Paul Kasriel Visit FamousQuotes.com for more inspirational quotes
When you print money, it's going to inflate some asset price. Maybe we'll revert to the late 1990s and buy stocks with it. - Paul Kasriel Visit FamousQuotes.com for more inspirational quotes
Economists are notoriously bad at predicting turning points. They're like credit ratings agencies, they don't anticipate things very well. - Paul Kasriel Visit FamousQuotes.com for more inspirational quotes
Since central banks aren't letting their currencies appreciate against the dollar, that implies that all the currencies will depreciate against gold and commodities in general. - Paul Kasriel Visit FamousQuotes.com for more inspirational quotes
In 1987 we had a sharp increase in long-term interest rates and a stock market crash when there was a run on the dollar. While a lot of people think a weaker dollar is a good thing, it essentially makes us poorer and turns out not to be a good thing. - Paul Kasriel Visit FamousQuotes.com for more inspirational quotes
At the intermediate and crude goods levels, we continue to see pipeline pressures toward higher inflation. Next month, I suspect we're not going to see the tobacco offset, but maybe it will be something else. - Paul Kasriel Visit FamousQuotes.com for more inspirational quotes
The yield curve has been one of the more reliable indicators of turning points, not necessarily recessions, but slowdowns in the economy. - Paul Kasriel Visit FamousQuotes.com for more inspirational quotes
OPEC doesn't suffer from money illusion. It decided they want an honest dollar for an honest barrel of oil. - Paul Kasriel Visit FamousQuotes.com for more inspirational quotes
If the Fed pauses here, rates will come down, the house ATM machine will get filled up again, and we can all go back and do more refinancing. But if they keep going, like some people believe they will, then we will have a recession in the second half of 2005. - Paul Kasriel Visit FamousQuotes.com for more inspirational quotes
What'll happen is you'll see bond yields spiking higher, the dollar spiking lower and the Fed then having to raise rates. At that time, housing will probably start to weaken, stocks won't do well, and our standard of living will go down. - Paul Kasriel Visit FamousQuotes.com for more inspirational quotes
You're effectively lowering the cost of capital for corporations, and anything to lower that cost will help in inducing more plant and equipment spending. - Paul Kasriel Visit FamousQuotes.com for more inspirational quotes
If he starts to see softness in the economy, and if in fact inflation is moderating, he will want to cut rates a little bit in order to have a soft landing. - Paul Kasriel Visit FamousQuotes.com for more inspirational quotes
June 24: Notable Births, with Quotes
June 23: Notable Births, with Quotes
June 22: Notable Births, with Quotes