Paul Kasriel Quotes

A bursting of the housing bubble could result in a severe recession.

- Paul Kasriel

Tags

Bursting | Housing | Bubble | Result | Severe |

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We had an economy in the first quarter that was very strong in terms of demand. Manufacturers were working very hard to meet that demand. The Fed is going to have to raise interest rates some more. - 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. - Paul Kasriel

Even without the fraud... return on capital has been plumbing the depths, the United States is at war, government spending exploding to the upside and we're imposing tariffs on steel and lumber. What's to like? - Paul Kasriel