Quotations
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Dean Baker Quotes
«We've backed ourselves into a very dangerous situation. The economy is dependent on everyone consuming like crazy. If everyone heard my diatribe and said, 'Yeah, we better start saving,' the economy would go into a recession.»
Author: Dean Baker
«Home prices are going through the roof, forcing people to turn to exotic loans and unorthodox financing. These people have no room for error.»
Author: Dean Baker
«On this policy, the district is already in compliance with the requirements and has been for a couple of years, ... This policy just formalizes it.»
Author: Dean Baker
«It's just prudent to have a chemical safety program, ... We don't want to have a sterile leaning environment, we want kids to have a rich learning environment while keeping them safe, that's the same issue every school faces.»
Author: Dean Baker
«It's clearly very strong across the board. There's no evidence of any downturn at this point.»
Author: Dean Baker
«I've always thought you'll have the movement in price before you'll see it on quantity side, ... As long as the price remains high, if you're a builder, you want to get the houses up in order to cash in.»
Author: Dean Baker
«[Consumer prices are likely to catch up eventually, say economists.] I'm not a big inflation hawk, ... but consumers are almost certainly going to be paying more.»
Author: Dean Baker
«The biggest surprise to me has been that interest rates have stayed as low as they have as long as they have.»
Author: Dean Baker
«Normally when you talk about housing bubbles bursting, you're talking about a specific local market. But we've never had a nationwide run-up in home prices like this. I don't think it's realistic to think the decline won't also be national. I think a 15 percent nationwide decline is very plausible. In many bubble areas, could be looking at 20-25, maybe 30 percent declines.»
Author: Dean Baker
«Let's imagine rates go to 7 percent, I think that would take the air out of the bubble pretty quickly,»
Author: Dean Baker