#mo

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. ↗

— Martin Feldstein

#consumer #home #homeowners #improvements #like

There is nothing that man fears more than the touch of the unknown. He wants to see what is reaching towards him, and to be able to recognize or at least classify it. Man always tends to avoid physical contact with anything strange. ↗

— Elias Canetti

#always #anything #avoid #classify #contact

If the Federal Reserve pursues a strong dollar at home while the dollar becomes more competitive in global markets, we can achieve both price stability and a more balanced path of economic growth. ↗

— Martin Feldstein

#balanced #becomes #both #competitive #dollar

I love having time to prepare my lines and more time off. ↗

— Tom Welling

#i #i love #lines #love #more

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. ↗

— Martin Feldstein

#competitive #could #decreased #dollar #economic

Inflation is lower and more stable and the real business cycle fluctuations are more modest. ↗

— Martin Feldstein

#cycle #fluctuations #inflation #lower #modest

The good news is that a competitive dollar in the global market and a strong dollar at home are compatible in both the long run and during the transition to a more competitive dollar. ↗

— Martin Feldstein

#compatible #competitive #dollar #during #global

The more competitive value of the dollar turned around the trade deficit. ↗

— Martin Feldstein

#competitive #deficit #dollar #more #trade

The paranoiac is the exact image of the ruler. The only difference is their position in the world. One might even think the paranoiac the more impressive of the two because he is sufficient unto himself and cannot be shaken by failure. ↗

— Elias Canetti

#cannot #difference #even #exact #failure

Most cartoonists are failed actors. ↗

— Milton Caniff

#failed #most