Paul Kasriel Quotes

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

Tags

Recession | Beholder | Nber | Struggling | Stall |

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Up until 2000, households in the post-War period had never experienced a decline in their net worth on a year-end to year-end basis... But they did in 2000, they did in 2001, and they're on course for it again in 2002. - Paul Kasriel

This is something that people who keep raising their forecasts for 2004 GDP should be concerned about... If households are going to stop spending, then businesses won't continue to spend. - Paul Kasriel

That, plus the fact that the Bank of Japan won't be buying as many Treasury and agency securities, will put upward pressure on rates. - Paul Kasriel