Dean Baker Quotes

It's just prudent to have a chemical safety program,.. We don't want to have a sterile leaning environment, we want kids to have a rich learning environment while keeping them safe, that's the same issue every school faces.

Dean Baker

They Said So®

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Dean Baker

Dean Baker (born July 13, 1958) is an American macroeconomist who co-founded the Center for Economic and Policy Research (CEPR) with Mark Weisbrot. Baker has been credited as one of the first economists to have identified the 2007–08 United States housing bubble.

Source: Wikipedia

Dean Baker

We've backed ourselves into a very dangerous situation. The economy is dependent on everyone consuming like crazy. If everyone heard my diatribe and said, 'Yeah, we better start saving,' the economy would go into a recession.

start dangerous crazy economy situation recession saving
Dean Baker

Home prices are going through the roof, forcing people to turn to exotic loans and unorthodox financing. These people have no room for error.

people home error
Dean Baker

On this policy, the district is already in compliance with the requirements and has been for a couple of years,.. This policy just formalizes it.
Dean Baker

It's just prudent to have a chemical safety program,.. We don't want to have a sterile leaning environment, we want kids to have a rich learning environment while keeping them safe, that's the same issue every school faces.

environment learning kids school safety safe rich faces
Dean Baker

It's clearly very strong across the board. There's no evidence of any downturn at this point.

strong evidence
Dean Baker

I've always thought you'll have the movement in price before you'll see it on quantity side,.. As long as the price remains high, if you're a builder, you want to get the houses up in order to cash in.

order houses thought movement price cash side
Dean Baker

[Consumer prices are likely to catch up eventually, say economists.] I'm not a big inflation hawk,.. But consumers are almost certainly going to be paying more.

big inflation
Dean Baker

The biggest surprise to me has been that interest rates have stayed as low as they have as long as they have.

surprise interest
Dean Baker

Normally when you talk about housing bubbles bursting, you're talking about a specific local market. But we've never had a nationwide run-up in home prices like this. I don't think it's realistic to think the decline won't also be national. I think a 15 percent nationwide decline is very plausible. In many bubble areas, could be looking at 20-25, maybe 30 percent declines.

home talking market talk realistic
Dean Baker

Let's imagine rates go to 7 percent, I think that would take the air out of the bubble pretty quickly

imagine air pretty

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