Distressed properties are often vacant and in disrepair, and thus sold at significant discounts. As the share of distressed sales grows, home prices fall.

Our economy isn't going to recover until the housing market finds its footing.

I'm a registered Democrat.

Past experience with fiscal austerity at home and overseas strongly suggests that it is best for the economy's long-run performance to restrain government spending rather than raise taxes.

We need to get rid of the debt ceiling law. It's anachronistic and it's a problem.

Our biggest challenge is to eliminate the popular perception that economists don't have anything useful to say.

Predicting recessions is indeed a dark art, but I think we are several years away from the next one.

The discussion in Washington has changed dramatically. I mean, it's no longer a question of should we address entitlements - it's no longer a question of do we need to reduce spending in the future.

If Mr. Trump gets precisely the policies he says he wants, then the economy will suffer a recession.

I only have two things in my life, my family and work. If there's any time left over, then I play sports.

The upshot of Mr. Trump's economic policy positions under almost any scenario is that the U.S. economy will be more isolated and diminished.

Be on the right way and go in the right direction. Once you are never going back, you will progress day after day, little by little.

How we flounder when emotion overtakes us.

Feeling grateful to breathe a new day. Gratitude is a way to submit to the flow of life.

I also discovered that I was a poet. From the standpoint of one's family this is probably a regrettable discovery.

Some Arrows slay but whom they strike - But this slew all but him - Who so appareled his Escape - Too trackless for a Tomb

Days off are few and far between in the restaurant business. But on an hour off, I like to have a glass of wine with my wife.

Things are achieved when they are well begun. The perfect archer calls the deer his own While yet the shaft is whistling.

People who are successful simply want it more than people who are not.

I played the drums, and I was in a band called Funkasaurus Rex in Toronto. When I left for school, it became hard to play as frequently.

We are so ruled by what people tell us we must be that we have forgotten who we are.