And it was just more robotic statements about the Japanese yen.

There could be a dramatic turn in rates. I'm expecting a half-percentage-point move to the upside [in yields] when the turn comes, and I think that will happen within a month.

The refinancing boom and effects from the tax rebates are waning, so spending on big-ticket items such as cars may be slowing down, ... But spending on services, which is where the majority of the job creation occurs, has held on, and we expect it to pick up. Friday's payroll report should be a good indication of that.

Greenspan's comments have been so specific to the markets and costs, ... The price index was worse than the market would have liked.

The report is universally strong and is pointing to growth in excess of Greenspan's objectives.

I think it is more psychological than anything. But there is concern more money will be put in euro reserves than in dollar reserves.