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.

He [Greenspan] is going to say we're not in a recession, but the risks are very, very high,

He [Greenspan] is going to say we're not in a recession, but the risks are very, very high,

The great problem with doing that in real time is people live in real time and almost everybody's default forecasting read more

The great problem with doing that in real time is people live in real time and almost everybody's default forecasting method is to extrapolate the recent past.

They will be cutting (rates) until they get some signs of rebound,

They will be cutting (rates) until they get some signs of rebound,