Housing Bubble Quotes

• A snarky but accurate description of monetary policy over the past five years is that the Federal Reserve successfully replaced the technology bubble with a housing bubble

  Paul Krugman

  Past, Technology, Years

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• Too-easy credit and millions of bad loans made during the U.S. housing bubble paved the way for the financial calamity and Great Recession that followed. Today, by contrast, credit is too tight. Mortgage loans are particularly hard to get, creating a problem for the housing market and the broader economy.

  Mark Zandi

  Creating, Credit, Today

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• From the Great Depression, to the stagflation of the seventies, to the current economic crisis caused by the housing bubble, every economic downturn suffered by this country over the past century can be traced to Federal Reserve policy. The Fed has followed a consistent policy of flooding the economy with easy money, leading to a misallocation of resources and an artificial 'boom' followed by a recession or depression when the Fed-created bubble bursts.

  Ron Paul

  Country, Money, Past

  "End the Fed". Speech to the US House of Representatives, www.lewrockwell.com. February 05, 2009.

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• Major labels just lost their way. It's like the housing bubble. They lost a sense of the fundamentals.

  Win Butler

  Labels, Fundamentals, Way

  Source: pitchfork.com

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• Increasing access to federal student loans has been a bipartisan effort in Washington, one that I have supported. But it has created what many experts believe is a bubble in higher education, not unlike the housing bubble that preceded the financial crisis.

  Marco Rubio

  Dream, Believe, Effort

  Marco Rubio (2015). “American Dreams: Restoring Economic Opportunity for Everyone”, p.62, Penguin

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• When I hear [about a housing bubble] I get the sense that people aren't connecting the dots.

  James K. Glassman

  People, Dots, Great Depression

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• In the economy of the cuckoo people that populate central banks, everything is possible. What you have is gigantic bubbles, the NASDAQ in 2000, then the housing bubble and then commodities in 2008 when oil went from $78 to $147 before plunging to $32 within six months.

  Marc Faber

  Oil, People, Six

  "MARC FABER: Sure Gold Is Down, But Apple Is Down By Twice As Much" by Sam Ro, www.businessinsider.com. April 12, 2013.

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• It is no exaggeration to say that rising inequality has driven many of the 99 percent into a financial ditch. It also helped spawn the housing bubble that gave us the financial crisis of 2008, the lingering effects of which have forced many OWS protesters to try to launch their careers in by far the most inhospitable labor market we've seen since the Great Depression. Even those recent graduates who manage to find jobs will suffer a lifelong penalty in reduced wages.

  Robert H. Frank

  Jobs, Careers, Suffering

  Source: bobmorris.biz

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• Some societies are also more optimistic than others: the U.S. and Australia are my two picks Tell a European you think there’s a housing bubble and you’ll have a reasonable discussion. Tell an Australian and you’ll have World War III. Been there, done that!

  Jeremy Grantham

  War, Optimistic, Thinking

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• There is plenty of blame to go around for the U.S. housing bubble, but not much of it belongs to Fannie Mae and Freddie Mac. The two giant housing-finance institutions made many mistakes over the decades, some of them real whoppers, but causing house prices to soar and then crater during the past decade weren't among them.

  Mark Zandi

  Real, Mistake, Past

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• In fact, I'd say that the sources of the economy's expansion from 2003 to 2007 were, in order, the housing bubble, the war, and - very much in third place - tax cuts.

  Paul Krugman

  Philosophy, War, Cutting

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