The aim of this rise is to cause consumers to stop spending and borrowing and it will work in that direction.

I'm always worried with the consensus being unambiguously strong and unrelenting in the view they hold. But at this stage, maybe it's so obvious that the consensus may be right.

As long as we keep our fundamentals strong...the dollar (and) U.S. borrowing costs will do just fine.

The view that borrowing costs in the U.S. will keep on rising is weighing on stocks.

Buoyant spending and borrowing have not yet been inflationary, and will not necessarily become inflationary, partly because of relatively low global inflation and strong price competition from imports.

There is good borrowing and bad borrowing, ... If we permit our infrastructure to slowly collapse, our economy will slowly collapse.