The dollar would have fallen faster or further had there not been this massive central bank intervention. If in fact they are going to cut back on their dollar-support activities, then the dollar is going to resume its decline, and that's going to have some inflationary implications.

And rates are not likely to be adjusting downward. Households are paying about 13.75 percent of their aggregate tax income to service debt -- and it is going to go higher.

If he starts to see softness in the economy, and if in fact inflation is moderating, he will want to cut rates a little bit in order to have a soft landing.

If people start losing their jobs, ... it's going to be hard for them to keep current on all that debt.

If Republicans were to regain control of the Senate, the probabilities of some major tax cuts would go up quite dramatically. If those tax cuts were implemented, this would have a positive impact on both the economy and the stock market.

In a longer-run sense, I would view it as marginally unproductive, a worsening of the trade-off between growth and inflation, ... But will we be able to detect that? I doubt it.

The Fed is happy to provide all the reserves the banking system needs, ... It's told the banking system 'Ya'll lend now,' and they're doing it.

The new data are pointing toward a bottoming out in the manufacturing sector,

The yield curve has been one of the more reliable indicators of turning points, not necessarily recessions, but slowdowns in the economy.

It's growing rapidly, and it does suggest that we're going to see at least a temporary pickup in economic activity.