The yield curve has been one of the more reliable indicators of turning points, not necessarily recessions, but slowdowns in the economy.
More Quotes from Paul Kasriel:
You're essentially renting from your bank with an option to buy,Paul Kasriel
When the fog of war is finally lifted, we may find that economic growth remains weak because monetary policy turns out to be less accommodative than the Fed thought.
Paul Kasriel
All the data suggest the labor market is improving -- perhaps not as fast everyone would hope and want, but it's better than deteriorating.
Paul Kasriel
In most periods throughout history, households were net suppliers of money to the economy, ... Today, by a record amount, they are net borrowers from the rest of the economy.
Paul Kasriel
I have a firm belief in the marketplace, ... Every day, every seller, whether it's a seller of gasoline or a seller of services -- an employee --, wants to raise the price of his or her product, but they face competition. If I want a raise, but there's someone else out there willing to do my job for less, then my boss is going to tell me that if I want a raise, get on the elevator.
Paul Kasriel
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