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Franklin Raines

"Well, you know, we've got a lot of stimulus in the economy already from the tax cut, from the lowered interest rates, and also from the refinancing of mortgages."

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"Well, you know, we've got a lot of stimulus in the economy already from the tax cut, from the lowered interest rates, and also from the refinancing of mortgages."

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Akshay Vasu

"Employment is the biggest form of slavery."

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Personal Development

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Akshay Vasu

"But a rise in the wages of labour would not equally affect commodities produced with machinery quickly consumed, and commodities produced with machinery slowly consumed."

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Personal Development

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Akshay Vasu

"The economic base of a nation, is the foundation of the it's secrets."

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Personal Development

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Akshay Vasu

"I don't know where the stock market is going, but I will say this, that if it continues higher, this will do more to stimulate the economy than anything we've been talking about today or anything anybody else was talking about."

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Personal Development

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Akshay Vasu

"A farmer is a magician who produces money from the mud."

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Personal Development

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Akshay Vasu

"Because of the power that we have given money: The government would rather have taxpayers who do not vote, than voters who do not pay tax."

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Akshay Vasu

"In capitalist nation, all is decided by money."

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Personal Development

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Akshay Vasu

"Not every single broke and unemployed person needs a job, some need customers."

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Personal Development

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Akshay Vasu

"Civilization transformed man from a food gatherer to a gatherer of pieces of paper: diplomas, employment contracts, money, etc."

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Personal Development

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Akshay Vasu

"India is poised to contribute as a new engine of global growth. A larger Indian economy has multiple benefits for the world. India presents a large and growing market. But India is much more than a market. India is a reliable partner; a source of high quality scientific, engineering and managerial talent."

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Franklin Raines
"So from the housing standpoint, steady as you go, I think, would be the best medicine."

Stability

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Franklin Raines
"And so the danger for the housing industry is if we see interest rates rise."

Danger

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Franklin Raines
"Well, I think as long as people are talking about stimulus, I think the Fed will be thinking about cutting rates because monetary policy is the better way to go because you can turn it on and turn it off."

People

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Franklin Raines
"Well, you know, we've got a lot of stimulus in the economy already from the tax cut, from the lowered interest rates, and also from the refinancing of mortgages."

Economy

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Franklin Raines
"That is - the reason for that is that home prices are only going to go up. Now, they've never gone down nationwide in our - since we've been keeping track of this."

Home

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Franklin Raines
"They flooded liquidity in the marketplace but the mortgage rate is based much more on expectations of inflation. So if the average investor believes that there is inflation coming, they'll move that rate up."

Expectation

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Franklin Raines
"We think if the economy remains weak that we could see mortgage rates trail down and we think that we could see rates below seven percent into early next year."

Economy

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Franklin Raines
"Right now we think that rates will stay low, that you'll be able to get a mortgage below seven percent and that's kicked off a refinance boom that's going to put more money in the pockets of consumers."

Money

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Franklin Raines
"If there's a severe recession, the automatic stabilizers will come into effect, and we will still try to reduce the structural deficit, but we will not try to keep cutting the budget so that we keep worsening a severe recession."

Economy

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Franklin Raines
"I think if you go beyond a year - if this continues into the system in the out years, I think there is a risk and that - that we could have a negative reaction in the bond market and that will offset the good that was attempted to be done."

Negative

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