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Paul Kasriel Quotes
«Do you have to be reeducated? Maybe not -- maybe you just need to accept a lower wage rate,»
Author: Paul Kasriel
«At some point we will have equalization, where an employer will be indifferent between hiring someone in Bangalore or Chicago,»
Author: Paul Kasriel
«In a longer-run sense, I would view it as marginally unproductive, a worsening of the trade-off between growth and inflation, ... But will we be able to detect that? I doubt it.»
Author: Paul Kasriel
«If the Fed pauses here, rates will come down, the house ATM machine will get filled up again, and we can all go back and do more refinancing, ... But if they keep going, like some people believe they will, then we will have a recession in the second half of 2005.»
Author: Paul Kasriel
«OPEC doesn't suffer from money illusion. It decided they want an honest dollar for an honest barrel of oil.»
Author: Paul Kasriel
«A recession is in the eye of the beholder, and the eye of the NBER, but clearly we're struggling here. We're at stall speed and it's not clear what, in the short term, is going to get the economy's nose up.»
Author: 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.»
Author: Paul Kasriel
«Exports are rising, and exports are likely to continue to do better as we move through the second half because of recovering economies abroad. So I think this really, especially with the inventories, sets up for a strong rebound in third quarter GDP, conservatively something along the lines of 3.75 percent.»
Author: Paul Kasriel
«If it's working as it's supposed to work, bankruptcy ... does tend to force a reallocation of resources to the most or more productive areas.»
Author: Paul Kasriel
«The lady doth protest too much, methinks.»
Author: Paul Kasriel