37 Quotes by Richard DeKaser

We are seeing a slowing in manufacturing activity in August that raises the stake of the ISM index which will help clarify some of today's confusion.

We're awfully close to the end of the game. They've got another quarter point in them. We'll see it later this month.

We have seen and I expect will continue to see a softening of demand for single-family housing that has been unmatched by a decline in construction. Eventually builders get with the program.

What the shock might be next time is unpredictable.

For the U.S. as a whole, I expect we're going to have an orderly correction. But that doesn't mean it's going to be equally orderly in all places.

If we see economic indicators continue to weaken at the pace they have weakened in the past month, then I'm wrong. We could not only see mortgage rates continue to soften, but hold at lower levels for quite a substantial period -- maybe the first half of next year. But I don't think that's likely to happen.

I think it's indisputable that demand in the housing market has declined in the past few months. It's very clear that rising interest rates figure very large in that decline.

It is a little concerning. The implication here is that over-valuation is becoming more prevalent. There is no disputing that price increases are far outstripping income gains,

I think the market is responding now to a perception of the increased possibility of recession, which I do not see.