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"Homeowners who refinanced their mortgages took out cash and reduced their monthly payments at the same time. Much of the cash obtained by refinancing was spent on consumer durables, home improvements and the like."
Standard
Customized
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"I report to you that our country is challenged at home and abroad: that it is our will that is being tried and not our strength; our sense of purpose and not our ability to achieve a better America."
Author Name
Personal Development
"There are a number of things wrong with Washington. One of them is that everyone is too far from home."
Author Name
Personal Development
"Home was not a perfect place. But it was the only home they had and they could hope to make it better."
Author Name
Personal Development
"An expert is somebody who is more than 50 miles from home, has no responsibility for implementing the advice he gives, and shows slides."
Author Name
Personal Development
"As they marched, the crowds lining the route broke into applause, a sweet and deeply felt spontaneous pattering that was a sort of communal embrace. Welcome home."
Author Name
Personal Development
"Where thou art that is home."
Author Name
Personal Development
"We should be the natural home for the millions of Britons of immigrant origin. But we're not. Because too often we've sounded like people who wish they hadn't come here at all."
Author Name
Personal Development
"I'm hoping someday that some kid, black or white, will hit more home runs than myself. Whoever it is, I'd be pulling for him."
Author Name
Personal Development
"I think even when homeowners love their room, it's still a shock, because you left your house, went to sleep, came home and your room was dramatically and drastically different."
Author Name
Personal Development
"The cities are the principal home and seat of the human group. They are the coral colony for Man, the collective being."
Author Name
Personal Development
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"We pay some price when necessary to bring down inflation but that price is temporary and is not large relative to the permanent gain from reduced inflation."
Gain
"In short, both experience and economic theory imply that the US could now t to a more competitive dollar without experiencing either increased inflation or decreased economic growth."
Experience
"After all, an overvalued dollar gives us the ability to buy foreign goods at lower prices. And the existing volume of exports brings more yen and euros than they would if the dollar were more competitive."
Ability
"Thirty years ago, many economists argued that inflation was a kind of minor inconvenience and that the cost of reducing inflation was too high a price to pay. No one would make those arguments today."
Economy
"But then in April of 1985 the dollar began a sharp decline. The dollar's trade weighted value fell 23 percent in just 12 months and by a total of 37 percent by the beginning of 1988."
Economy
"A second reason why science cannot replace judgement is the behavior of financial markets."
Science
"To finance this trade deficit, the U.S. has to borrow from the rest of the world or sell American assets like stocks, businesses, and real estate to the rest of the world."
Finance
"Domestic inflation reflects domestic monetary policy."
Policy
"We are particularly poor at the open economy issues."
Economy
"The price of imported oil in the US doubled between summer 2003 and summer 2005, reducing consumers' purchasing power by more than 1 per cent of gross domestic product."
Power
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