A good part of this expansion is a direct function of the decline in real equity premiums. That cannot go on indefinitely.

I was a good amateur but only an average professional. I soon realized that there was a limit to how far I could rise in the music business, so I left the band and enrolled at New York University.

Although the outlook is clouded by a number of uncertainties, the central tendencies of the projections ... imply continued good economic performance in the United States,

In any architecture, there is an equity between the pragmatic function and the symbolic function.

I was a fairly good amateur musician, and I was an average professional. But the one thing I saw was that the big band business was fading. So I made an economic decision, and it turned out the best judgment I ever made in my life.

Our decline was all in function of what was happening outside Brazil. But we were also with an accumulated rise of 14 percent and we needed a reason to take profits.