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Paul Kasriel Quotes

You're essentially renting from your bank with an option to buy. - Paul Kasriel

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Essentially | Renting | Bank | Option |

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The problem is that labor has basically priced itself out of the market. We had a very sharp run up in compensation costs in the late 1990s. People got too expensive and they're still too expensive. - 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

The dollar would have fallen faster or further had there not been this massive central bank intervention. If in fact they are going to cut back on their dollar-support activities, then the dollar is going to resume its decline, and that's going to have some inflationary implications. - Paul Kasriel

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