An extraordinary deflationary shock in tradable goods has coincided with outsize disinflation in services, resulting in the most deflation-prone business cycle of the modern post-World War II era.

From a high-tech point of view, an agriculture point of view, a goods-and-services point of view, a great deal of [committee Democrats] have no choice except to support allowing America access to these markets,

The lower cost of Chinese goods means we can spend more on other goods and services.

This is an extraordinary initiative. This is a really serious initiative.

Europe looks at China as more of a strategic partner than a competitive threat so it has stayed more out of the currency debate than the U.S..

Over the 2004-05 interval, looming bond market perils appear to pose the most serious challenges for [leveraged] consumers and property markets -- possibly even resulting in a new deflation scare.