This event is proving to be very good for the local economy.

As we look forward, and try to get a pulse on the economy, there's going to be a significant amount of data pollution that's going to make it very difficult for us.

The industry has argued for years that consumers don't care about fuel economy. I think they are finding themselves quite surprised by the level of public concern.

The market is going to do better as the economy slows some and the Fed's done. What's perverse is that the market would have done better this year if the economy were a little bit weaker, because you would have gotten the Fed out of the way earlier.

In the big oil shocks that really damaged the economy, the tax on the consumer was many times more than that, but that alone wasn't enough. You also had to have people worrying that prices were going higher forever.

You typically see a rebound in the labor force when the economy starts to recover. But because businesses are operating so much more efficiently, there's a limit to the number of jobs available. Unemployment could still go up a few ticks.