The biggest surprise to me has been that interest rates have stayed as low as they have as long as they have.
More Quotes from Dean Baker:
If home prices level off, that can knock down growth by 1 or 2 percentage points, from 3.5 percent to 1.5 percent.Dean Baker
Hawaii's home prices suffered in the 1990s because of economic trouble in Japan, ... If home prices in California reverse, it will have ripple effects.
Dean Baker
Things do seem like they're out of line, but of course I've been seeing warning bells for several years.
Dean Baker
WE WERE shocking today and were given a lesson in finishing as they had nine chances and took six of them.
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.
Dean Baker
If Medicare could negotiate directly with drug companies it could save the federal and state governments hundred of billions of dollars and cut insurance premiums.
Dean Baker
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