There's a feeling that enough has been done to slow the economy down and the next phase must be up, that growth will start to pick up again.

I think Iowa is really going through a massive change as a rural economy moving urban. The fact is, the family farm tends to be a nostalgic myth, to be honest about it. Companies like Cargill, Iowa Beef Processors, Pioneer Hybrid, corn companies, beef companies, pig companies have basically taken over the family farm and moved it into a large corporate enterprise.

It's called political economy because it is has nothing to do with either politics or economy

The U.S. economy is continuing to weaken, ... We are bearish over the next few months. The beige book continues to show weakness in the U.S.

The U.S. economy is continuing to weaken. We are bearish over the next few months. The beige book continues to show weakness in the U.S.

The PC is a big durable goods item now. When the economy is slowing, people tend to reduce their spending on those kinds of things.