Dean Baker Quotes

With the housing bubble now having generated comparable levels of unsustainable wealth, the economy faces even greater dangers today than it did when the stock market crashed. - Dean Baker

When you see it increasing quarter after quarter, there seems to be something going on here. We're building more homes than are being filled. - Dean Baker

We've backed ourselves into a very dangerous situation. The economy is dependent on everyone consuming like crazy. If everyone heard my diatribe and said, 'Yeah, we better start saving,' the economy would go into a recession. - Dean Baker

We're building at a 2 million-a-year pace, which is more than demand, and we're going to keep building at that pace until home prices correct, ... It's already showing up in the rental market, oversupply is pushing down rental prices. - Dean Baker

We would really like people to log on to the site, check it out and give us some feedback. - Dean Baker

WE WERE shocking today and were given a lesson in finishing as they had nine chances and took six of them. - Dean Baker

Until the psychology starts to shift or interest rates jump up, the market will probably stay strong, ... So far we haven't seen that. We've had a lot of stories on housing bubbles lately. Maybe that will affect the psychology. - Dean Baker

Things do seem like they're out of line, but of course I've been seeing warning bells for several years. - Dean Baker

They can't continue to spend beyond their income indefinitely. If people are building up large amounts of debt, you reach a point where they can't continue. - Dean Baker

These monthly numbers are very erratic. It can be that this is a sign (of the bubble bursting), but I would never make too much of one month's number. Especially since the other timely data we get, the mortgage applications for home purchases, have still been pretty high. - Dean Baker

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