46 Quotes by Dean Baker

Until the psychology starts to shift or interest rates jump up, the market will probably stay strong, ... So far we haven't seen that. We've had a lot of stories on housing bubbles lately. Maybe that will affect the psychology.

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.

We would really like people to log on to the site, check it out and give us some feedback.

With the housing bubble now having generated comparable levels of unsustainable wealth, the economy faces even greater dangers today than it did when the stock market crashed.

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

I wouldn't necessarily predict this would be a trigger, but I wouldn't rule it out either. It wouldn't surprise me if you see money leaving the secondary mortgage market, leading housing prices to fall.

Builders will keep building as long as they can keep getting these prices. But I think there's a glut developing clearly in some markets and that clearly will put downward pressure on prices.

He was the one who had the courage to let the unemployment rate fall. Very few people thought the unemployment rate could fall that low.

There is a large psychological element behind current housing prices,