There may be somebody else taking the baton now, which is not unusual in a recovery. Housing is typically the leader out of the desert to the promised land but, just like Moses didn't make it to the promised land, as rates rise, housing doesn't quite make it, either. Other sectors do.
More Quotes from Paul Kasriel:
When you're the world's banker, you really need to maintain the world's confidence in you and your currency. If you start telling creditors you're going to pay them back in currency that doesn't buy as much, they won't want to bank with you any more.Paul Kasriel
Basically we made a lot of ill-advised investments. We need to readjust the economy, and cheap credit isn't necessarily going to be the way to do that.
Paul Kasriel
Now, of course, a lot of it ... was in auto sales and production is probably going to flatten out in the months ahead.
Paul Kasriel
You can't make it up on volume if you're borrowing at 4.25 percent and lending at 4 percent.
Paul Kasriel
For the Bush administration, Hubbard is a good soldier, he's out there being a cheerleader and the Fed says everything's OK. But you can't see their hands behind their backs, with their fingers crossed.
Paul Kasriel
The yield curve has been one of the more reliable indicators of turning points, not necessarily recessions, but slowdowns in the economy.
Paul Kasriel
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Based on Topics: Leadership Quotes, Leading & Managing QuotesAs you think, you travel, and as you love, you attract. You are today where your thoughts have brought you; you will be tomorrow where your thoughts take you.
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One might almost reckon mathematically that, having undergone the double composition of public opinion and of the author, their history reaches us at third hand and is thus separated by two stages from the original fact.
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