Able Quote by Paul Achleitner

So we are in for years of debt deflation. That means that people have to pay so much debt service for mortgages, credit cards,…

— Michael Hudson

The crisis and recession have led to very low interest rates, it is true, but these events have also destroyed jobs, hamstrung economic growth…

— Ben Bernanke

When the economy's shrinking, providing jobs, spending on things like infrastructure can actually increase revenue and drive down debt. And then, there's going to…

— Barack Obama

And wages - we'll see the end of this decline we're having. The median income in America is down 10% in just the last…

— Mitt Romney

There is slow growth, but it is positive slow growth. At the same time, ratios of debt-to-incomes go down. That's a beautiful deleveraging.

— Ray Dalio

More people are working, lending is up and savings are up. These are all positive signs for a strengthening economy.

— Jamie Dimon

“firms do not borrow as much to invest when rates are higher and individuals stop buying durable goods against credit and, instead, turn to…

— Raghuram G. Rajan

A possibility is that we see more and more leverage, and credit-to-GDP ratios rise once more to even higher levels; eventually the banking systems…

— Alan M. Taylor

Growth at an exceptional rate is a red flag in banking. It is hard enough to manage an ordinary bank; to control a sprouting…

— James Grant

The economic costs, the financial costs, the job losses, the income losses, the fiscal costs of bailing out financial system are becoming larger and…

— Nouriel Roubini

After getting driven into the ground by the policies of the Bush administration, the economy is creeping up. It's doing that because people are…

— Stephen Stills

We're in a classic demand-shortfall recession. There aren't enough jobs because total spending is too low. Consumers won't lead the way because they're busy…

— Robert H. Frank