Now, of course, a lot of it ... was in auto sales and production is probably going to flatten out in the months ahead.
More Quotes from Paul Kasriel:
It seems that what it allows you to do is ... stay in business with somewhat of an unfair advantage over your competitors, who still do have to pay their debts and pay interest on those debts.Paul Kasriel
I agree with Gross. It's been refinancing of mortgages -- basically eating into one's seed corn -- that has been sustaining consumer spending. When that peters out, it's not clear what's going to kick in.
Paul Kasriel
I think there are some members who would prefer that the funds rate be at 3 percent, but I suspect there is a little concern about moving too fast and upsetting the household sector.
Paul Kasriel
If Republicans were to regain control of the Senate, the probabilities of some major tax cuts would go up quite dramatically. If those tax cuts were implemented, this would have a positive impact on both the economy and the stock market.
Paul Kasriel
Deflation in the context of relatively strong economic growth is not a problem, but the concern is that growth is petering out, and there's not a lot of pricing power now.
Paul Kasriel
The people that make the stuff say that things aren't getting better. But the data say different.
Paul Kasriel
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