Quotations
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Dean Baker Quotes
«Saving Social Security with Stock: The Promises Don't Add Up.»
Author: Dean Baker
«First of all, it's very expensive to administer private accounts, especially if you let people manage these accounts themselves, ... Bush is vague on how he would set it up and make it work.»
Author: Dean Baker
«Gore is keeping the existing system in place because it works -- using the budget surplus to add to the Social Security trust fund. So what's the point in dismantling it,»
Author: Dean Baker
«I wouldn't necessarily predict this would be a trigger, but I wouldn't rule it out either. It wouldn't surprise me if you see money leaving the secondary mortgage market, leading housing prices to fall.»
Author: Dean Baker
«Freddie Mac's problems might only raise mortgage rates 2/10 of 1 percent, ... But that could start a cycle of higher rates that could pop the [housing] bubble. If you hadn't had mortgage rates at historic lows, I'm certain the bubble would have burst already.»
Author: Dean Baker
«There has never been a run up in home prices like this.»
Author: Dean Baker
«As you get higher interest rates renting is going to look better than buying.»
Author: Dean Baker
«I think their intention is to get people who are loyal and that does raise problems. It's clear that they're looking at this as a sales position.»
Author: Dean Baker
«These monthly numbers are very erratic. It can be that this is a sign (of the bubble bursting), but I would never make too much of one month's number. Especially since the other timely data we get, the mortgage applications for home purchases, have still been pretty high.»
Author: Dean Baker
«They can't continue to spend beyond their income indefinitely. If people are building up large amounts of debt, you reach a point where they can't continue.»
Author: Dean Baker