Stocks would really get whacked, because they have priced in that some kind of economic growth is coming. A rate cut would be a sign that growth isn't coming.

This is one of those numbers that can kind of go either way. It means factories are producing more than they would have been, but if sales don't show up, then they have to pay it back. There's always the chance that doesn't happen.

Japan's big problem was that fiscal stimulus was not there. They haven't coordinated monetary policy with fiscal policy. That's what we're doing differently, and that's why we won't have the same problem.

What? Was man made a wheel-work to wind up, And be discharged, and straight wound up anew? No! grown, his growth lasts; taught, he ne'er forgets; May learn a thousand things, not twice the same.

It has been exciting with that type of growth and acceleration. We have had a few hiccups but not really growing pains.

Nortel should be able to bounce back.... But I'm not sure we're going to see any huge growth numbers anytime soon.