Paul Kasriel Quotes

We're in a situation where the economy is the most highly leveraged in the post-War period. If the Fed had to raise interest rates, that could bring the whole system down. And it's not clear that holding rates where they are or lowering them will save us from another recession.

- Paul Kasriel

Tags

Situation | Economy | Highly | Leveraged | Post |

comments powered by Disqus

Random

Those who have lived through the 1970s remember the tremendous toll that accelerating inflation took on the economy and vowed to never make that mistake again. - 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. - Paul Kasriel

We should get a little better growth in the second half -- but not enough. By the end of the year, maybe we will have enough to stabilize the unemployment rate, but I think we will probably see a further drift up in the unemployment rate. - Paul Kasriel