I've thought there would be some moderation in consumer spending this year, but I also thought that job growth would be better at this point than it has been. It may be that consumer spending will moderate even more than what I'm forecasting.
More Quotes from Paul Kasriel:
You're effectively lowering the cost of capital for corporations, and anything to lower that cost will help in inducing more plant and equipment spending.Paul Kasriel
The dollar would have fallen faster or further had there not been this massive central bank intervention. If in fact they are going to cut back on their dollar-support activities, then the dollar is going to resume its decline, and that's going to have some inflationary implications.
Paul Kasriel
If none of us will allow our currencies to appreciate against the others, ... then they'll all depreciate against something else. Gold, copper, oil.
Paul Kasriel
Housing has gotten very expensive relative to income.
Paul Kasriel
measure of the financial deficit that households are running at an annualized rate.
Paul Kasriel
There are a lot of crosscurrents now, but falling yields might indicate that demand for credit is slowing down and that the Fed, by holding the fed funds rate where it is, is actually keeping rates all along the curve from falling to their equilibrium level, or to the level where would they would more naturally go,
Paul Kasriel
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