I can safely say there is no endeavor to coordinate an interest rate cut, |
I cannot find (inflation) no matter where I look, |
I cannot say we have made comments we can essentially deliver. |
I certainly agree with you that they are down to rock-bottom levels. |
I do not deny that many appear to have succeeded in a material way by cutting corners and by manipulating associates, both in their professional and in their personal lives. But material success is possible in this world and far more satisfying when it comes without exploiting others. |
I do think that we have to bring the existing instability to a level of stability reasonably shortly to prevent the contagion from really spilling over and creating some very significant kinds of problems for all of us. |
I don't think we did pop the bubble. We did raise interest rates in 1999, and the reason we did that is that real long-term rates were beginning to rise because the economy was beginning to accelerate, |
I fear that the failure to expense stock option grants has introduced a significant distortion in reported earnings, |
I find it difficult to believe, for example, that the crises that arose in Thailand and Korea would have been nearly so virulent had their central banks published data prior to the crises on net reserves instead of the not very informative gross reserve positions only, |
I find it difficult to find rational arguments for that particular initiative, |
I find it utterly inconceivable, frankly, that we can have the type of potential fiscal outlook, which now confronts us over the next 15 to 20 years which, unless addressed, will not have a significant impact on long-term interest rates, |
I guess I should warn you, if I turn out to be particularly clear, you've probably misunderstood what I've said |
I have concerns, |
I have found no greater satisfaction than achieving success through honest dealing and strict adherence to the view that, for you to gain, those you deal with should gain as well. |
I have gotten calls from a number of senior high-tech executives who are telling me that the market is dissolving rapidly before their eyes. But I suspect that a not inconceivable possibility is that what is dissolving in front of their eyes is their own personal net worth! |