Quotations
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Paul Kasriel Quotes
«Do you have to be reeducated? Maybe not -- maybe you just need to accept a lower wage rate.»
Author: Paul Kasriel
«At some point we will have equalization, where an employer will be indifferent between hiring someone in Bangalore or Chicago.»
Author: Paul Kasriel
«In a longer-run sense, I would view it as marginally unproductive, a worsening of the trade-off between growth and inflation. But will we be able to detect that? I doubt it.»
Author: Paul Kasriel
«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.»
Author: Paul Kasriel
«We really don't want to give Greenspan a grade yet. You want to wait a year or two to see whether the seeds turn to weeds.»
Author: Paul Kasriel
«The final chapter of Greenspan's legacy has not been written. Maybe it will work out fine, but maybe not.»
Author: Paul Kasriel
«The final chapter of Greenspan's legacy has not been written.»
Author: Paul Kasriel
«There are some of us who believe he aided and abetted some asset bubbles.»
Author: Paul Kasriel
«The yield curve has been one of the more reliable indicators of turning points, not necessarily recessions, but slowdowns in the economy.»
Author: Paul Kasriel
«Economists are notoriously bad at predicting turning points. They're like credit ratings agencies, they don't anticipate things very well.»
Author: Paul Kasriel