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Peter Morici Quotes
«Higher [house] prices mean more equity for homeowners and more cash in the hands of consumers. Robust housing sales indicate that the real estate boom will continue to drive the economic recovery.»
Author: Peter Morici
«Overall inflation is under control and should moderate as we move through the summer.»
Author: Peter Morici
«Interest rates going up just 2 percent would do it.»
Author: Peter Morici
«Some people will lose their homes. Many people will just be hurting.»
Author: Peter Morici
«We're far enough away (from full employment) that we don't need to give it a thought or worry for quite some time. If the labor market starts to improve, we'll have a lot more people return to the labor force, so we need a lot stronger gains than we've been seeing to get near a 4 percent unemployment rate.»
Author: Peter Morici
«I think the worst is yet to come. I expect their market share to continue to shrink and their balance sheets to become more troubled.»
Author: Peter Morici
«What really matters is the mortgage market -- both rates and terms.»
Author: Peter Morici
«The cooling housing market is very significant. People have been using equity from their home to prop up their spending.»
Author: Peter Morici
«The economy will slow next year. On the plus side we have falling gas prices but that decline won't be enough to offset falling home prices.»
Author: Peter Morici
«Consumer spending has been pulling the wagon for a while now. That won't be the case next year.»
Author: Peter Morici