Quotations
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Paul Kasriel 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.»
Author: Paul Kasriel
«This is a warning signal ... that we are on recession watch now.»
Author: Paul Kasriel
«You can't make it up on volume if you're borrowing at 4.25 percent and lending at 4 percent.»
Author: Paul Kasriel
«Housing has gotten very expensive relative to income.»
Author: Paul Kasriel
«Not surprisingly, we're starting to see weakening demand.»
Author: Paul Kasriel
«It will put some strain on consumer spending.»
Author: Paul Kasriel
«Oddly enough, corporations are lending to the government sector and to the household sector to finance our spending. That's not really a good mix. What leads to growth for our economy is business investment.»
Author: Paul Kasriel
«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.»
Author: Paul Kasriel
«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.»
Author: Paul Kasriel
«Exports are rising, and exports are likely to continue to do better as we move through the second half because of recovering economies abroad, ... So I think this really, especially with the inventories, sets up for a strong rebound in third quarter GDP, conservatively something along the lines of 3.75 percent.»
Author: Paul Kasriel