James Annable

There are enormously long lags from a change in exchange rates to impact on production and employment. ...The dollar has read more

There are enormously long lags from a change in exchange rates to impact on production and employment. ...The dollar has already weakened and frankly this kind of move isn't going to matter very much.

There was an auto industry correction and a high tech inventory correction, and if we can get through that without read more

There was an auto industry correction and a high tech inventory correction, and if we can get through that without tipping the economy into a recession then we can get through this.

They simply don't want a recession. It's an insurance policy.

They simply don't want a recession. It's an insurance policy.

Everything was out of balance and part of figuring out where we are now is figuring out where we were read more

Everything was out of balance and part of figuring out where we are now is figuring out where we were and how many imbalances were built into the economy.

The economy is not in a recession. This economy had enormous spending imbalances that it had to work out.

The economy is not in a recession. This economy had enormous spending imbalances that it had to work out.