Quotations
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Paul Kasriel 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.»
Author: Paul Kasriel
«The rest of the world has been saving so that we can spend more. We need to save and let the rest of the world spend more.»
Author: Paul Kasriel
«Consumer spending is going to slow down, but it's probably going to grow somewhere in the 2.75 to 3.5 percent range for the next several quarters.»
Author: Paul Kasriel
«The Fed is clearly not in the mood to preempt inflation. They're going to wait, and that ultimately will have some unpleasant ramifications.»
Author: Paul Kasriel
«O'Neill was like the offensive line of the Green Bay Packers playing in a dome -- they can't hear signals. O'Neill couldn't hear the signals the White House was sending, and they got rid of him. Presumably, Snow has better hearing.»
Author: Paul Kasriel
«While consumer spending has been very strong, we are starting to see businesses spending now, and that is important to keeping the expansion going. Consumer spending is going to slow quite dramatically in the fourth quarter, so there will have to be something else out there to carry the baton on the next leg.»
Author: Paul Kasriel
«All the data suggest the labor market is improving -- perhaps not as fast everyone would hope and want, but it's better than deteriorating.»
Author: Paul Kasriel
«Unfortunately, we no longer have the funds that could have been used to provide the seed money for Social Security privatization. It seems to me that he dropped the ball.»
Author: Paul Kasriel
«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.»
Author: Paul Kasriel
«The dollar would have fallen faster or further had there not been this massive central bank intervention. If in fact they are going to cut back on their dollar-support activities, then the dollar is going to resume its decline, and that's going to have some inflationary implications.»
Author: Paul Kasriel