I can't get a good read on him.

Show me how resource utilization has any impact on inflation in the last 10 years.

Low growth in GDP and a decline in productivity -- hours worked rose more than GDP -- implies margin compression and a sequential decline in operating profits.

We all talk about our dependence on imported oil, but our dependence on manufactured goods is two and a half times larger than oil. We're so dependent on imported goods -- from consumer and capital.

We source locally for items that would be prohibitively expensive to ship.

Previously the Fed had a reason to raise rates. There is no compelling reason to raise rates at the present time.