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Exports are rising, and exports are likely to continue to do better as we move through the second half because of recovering economies abroad, ... So I think this really, especially with the inventories, sets up for a strong rebound in third quarter GDP, conservatively something along the lines of 3.75 percent. - Paul Kasriel Quotes

Exports are rising, and exports are likely to continue to do better as we move through the second half because of recovering economies abroad, ... So I think this really, especially with the inventories, sets up for a strong rebound in third quarter GDP, conservatively something along the lines of 3.75 percent.

We're a what's-my-monthly-payment nation. The idea is to have my monthly payments as high as I can take. If you cut interest rates, I'll get a bigger car. - Paul Kasriel Quotes

We're a what's-my-monthly-payment nation. The idea is to have my monthly payments as high as I can take. If you cut interest rates, I'll get a bigger car.

You can see a margin squeeze there. Higher prices are making it into the pipeline, but they're not making it to the faucet. - Paul Kasriel Quotes

You can see a margin squeeze there. Higher prices are making it into the pipeline, but they're not making it to the faucet.

There may be somebody else taking the baton now, which is not unusual in a recovery. Housing is typically the leader out of the desert to the promised land; but, just like Moses didn't make it to the promised land, as rates rise, housing doesn't quite make it, either. Other sectors do. - Paul Kasriel Quotes

There may be somebody else taking the baton now, which is not unusual in a recovery. Housing is typically the leader out of the desert to the promised land; but, just like Moses didn't make it to the promised land, as rates rise, housing doesn't quite make it, either. Other sectors do.

If he starts to see softness in the economy, and if in fact inflation is moderating, he will want to cut rates a little bit in order to have a soft landing. - Paul Kasriel Quotes

If he starts to see softness in the economy, and if in fact inflation is moderating, he will want to cut rates a little bit in order to have a soft landing.

Sustained economic growth is dependent on profit growth. Without profits, there will be no new hiring of workers and no new capital spending. - Paul Kasriel Quotes

Sustained economic growth is dependent on profit growth. Without profits, there will be no new hiring of workers and no new capital spending.

It's growing rapidly, and it does suggest that we're going to see at least a temporary pickup in economic activity. - Paul Kasriel Quotes

It's growing rapidly, and it does suggest that we're going to see at least a temporary pickup in economic activity.

And rates are not likely to be adjusting downward. Households are paying about 13.75 percent of their aggregate tax income to service debt -- and it is going to go higher. - Paul Kasriel Quotes

And rates are not likely to be adjusting downward. Households are paying about 13.75 percent of their aggregate tax income to service debt -- and it is going to go higher.

O'Neill was like the offensive line of the Green Bay Packers playing in a dome -- they can't hear signals. O'Neill couldn't hear the signals the White House was sending, and they got rid of him. Presumably, Snow has better hearing. - Paul Kasriel Quotes

O'Neill was like the offensive line of the Green Bay Packers playing in a dome -- they can't hear signals. O'Neill couldn't hear the signals the White House was sending, and they got rid of him. Presumably, Snow has better hearing.

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 Quotes

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,

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