If we have a rising unemployment rate, we're going to see some tightening in credit terms to the household sector, which has been keeping things going,
More Quotes from Paul Kasriel:
Every time we think the bond market is acting irrationally, we usually find out a month or two later that it was rational, that some people participating in the bond market knew more than most of us economists did -- which is not really a great feat.Paul Kasriel
The people that make the stuff say that things aren't getting better. But the data say different.
Paul Kasriel
The labor market is improving, optimism is improving and spirits will be higher this holiday season. Sales are going to better than OK, they're going to be good.
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.
Paul Kasriel
Fed policy-makers think their job now is to play a supporting role. They kind of want to drift into the background.
Paul Kasriel
I think it's a big deal -- I think it'll be ultimately a deal we don't care for.
Paul Kasriel
Readers Who Like This Quotation Also Like:
Public emergencies may require the hand of severity to fall heavily on those who are not personally guilty, but compassion prompts, and ever urges to milder methods.Mercy Otis Warren
Further, not only the United States, but the French, British, Germans and the United Nations all thought Hussein possessed weapons of mass destruction before the United States intervened.
Jim Gerlach
Paper currency has hitherto been regarded with suspicion, as insecure.
John Buchanan Robinson