We're now at a point where we have removed a substantial amount of the extraordinary accommodation that was in place when we started this cycle. I still feel that we have a ways to go. We're well along on that path. |
What we now know is that a rebuilding kick is going to be spread out -- pick a time -- five years, maybe even ten years. We are not going to get the usual quick economic impact. |
With gasoline at or near $3 a gallon recently, and other energy costs such as natural gas almost doubling in the past year, consumers may face tough choices in how they allocate their spending. |