I'm not sure which form it will take -- maybe a lengthy period of subdued consumer spending or something more violent than that. But it's clear to me that households cannot continue to save 3 percent of their disposable income and grow debt at 10 percent per year. -Jan Hatzius

 

I'm not sure which form it will take -- maybe a lengthy period of subdued consumer spending or something more violent than that. But it's clear to me that households cannot continue to save 3 percent of their disposable income and grow debt at 10 percent per year.


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This quote is just one of 9 total Jan Hatzius quotes in our collection. Jan Hatzius is known for saying 'I'm not sure which form it will take -- maybe a lengthy period of subdued consumer spending or something more violent than that. But it's clear to me that households cannot continue to save 3 percent of their disposable income and grow debt at 10 percent per year.' as well as some of the following quotes.

We continue to believe that the underlying drivers of productivity growth are turning less favorable.

Jan Hatzius
251

While the official productivity data look impressive, alternative measures that are equally reasonable show a much more subdued picture.

Jan Hatzius
218
High margins are an inducement to invest more aggressively. -Jan Hatzius
212

It's not plausible that capital spending has been weakened by the fact that multinationals are holding their funds abroad. I just don't believe that story.

Jan Hatzius
195

Oil is the dog that didn't bark. It's neutral because it's not far away from the average of where it's been over the past year.

Jan Hatzius
193
We do believe that the U.S. housing market is a bubble in the sense that its contribution to consumer spending is unsustainable. Households have used a large share of the recent home equity gains to supplement their spending. When these gains dry up, as they ultimately must, spending is likely to weaken substantially. -Jan Hatzius
185

What matters for our well-being is the net output -- remember, depreciation charges are not available for consumption -- per person in the overall economy, not the gross output per hour worked in the non-farm business sector alone.

Jan Hatzius
151