Kashyap: how does #eurozone hold together if Germany grows 1% faster than France every year for the next decade? #amNABE
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Kohn: lesson we thought we took from Japan, go slow, was wrong. They shld have cut faster. He had Japan in mind during'08 cuts. #amNABE
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Kashyap says Gov. Kuroda a model central bank communicator #BoJ #abenomics #inflation #amNABE
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Another warning on everyone rushing for the door when they think rates may rise, from Kashyap #amNABE
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One comfort for anyone dubious of #housing renaissance: the #rent just keeps getting damn higher. #amNABE
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#Zelman: we believe #urbanization trend is not as big as people think. #housing #amNABE
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#Zelman: potential first-timers don't ask, what are interest rates, they ask what is monthly cost? also, rents are rising. #housing #amNABE
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#Zelman: we disagree that first-timers are not in the game. 50% of Ginnie's first-timer credit scores are up 470 bps #housing #amNABE
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Ivy #Zelman, widely considered one of #housing's smartest analysts, says she's more bullish than most. Hurrah! #amNABE
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There is an altar somewhere where #economists pray to the god of #pentupdemand.... #housing #millenials #amNABE
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@NAHBhome 's Crowe: sour #housing market not just bc of dearth of first-timers but also move-ups. #amNABE
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Accenture's Little: $CAT is leader in training. My story on the #skillsgap, w/ comments from CAT's HR folks: news.investors.com/business-industry-snapsh... #amNABE
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moderator goes right there: as economists we'd expect to see shortages command higher prices. hmm, #manufacturers? #amNABE
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I'm glad consultants have taken up the #labor #economy beat. There was a dearth of Powerpoints with Venn diagrams before. #sarcasm #amNABE
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Accenture exec asks crowd: who of you wld discourage your B student from manufacturing career vs liberal arts? ~50% of hands go up #amNABE
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What does #skillsgap mean to bottom line? more OT, less output, says Accenture #amNABE
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#amNABE : Clark says culture is what you do when no-one is looking. I think this is a Warren #Buffett saw as well.
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Clark: if we are going to keep running w/ low int rates, we must make policues to address bubbles #amNABE
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NB: TD's Clark retiring next month. He seems to be pulling few punches. #amNABE
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Clark: some blame for crisis to central bankers who "did not believe in asset bubbles" #amNABE
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Clark: Canadian banks believe regulation is banks' friend. #amNABE
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Clark: banks have recovered faster than households so it seems to many ppl that those who caused crisis are doing finr #amNABE
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TD's CEO Ed Clark: banks got saved but trust is gone. Banks should have apologized for "casino" mentality pre-crisis #amNABE
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Raskin @ #amNABE - starting to see rise of "predatory" companies looking to capitalize on student debt: "1800-refi now" etc
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Silvia @ #amNABE - why are student loans different than auto loans, mortgages? Not just off limits in bankruptcy... can't even be refi'ed.
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Raskin @ #amnabe - if student loan debt service could be funneled into a down payment on a house...
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Raskin @ #amNABE - student loan borrowers talk abt their debt in aggregate, not as a monthly budget burden. How does this impact decisions?
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Krozsner #amNABE not the Fed's responsibilty to worry abt fiscal house. If rates rise, Fed might say "not our fault" re debt service.
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