It was just the sheer demand of people wanting stuff and the demand of supplying it.

If you can lay off all those people at GM and still have 66,000 new jobs created last month, that's really pretty strong.

Greenspan's testimony to Congress is always an event and probably more so this time than usual. We are looking at the Fed with a bias to tightening and we have to get some warning of whether he is going to act on that or not. So what I am looking for is a clear signal.

The markets are clearly disappointed.

This [report] gives the Fed total latitude to do whatever they think is fitting.

The price we have to pay for all this is someplace. Early in the century, we're going to see a real good old-fashioned panic of the kind we haven't seen in a long time.