In all likelihood, a significant amount of time will be required to restore the nearly eight and a half million jobs that were lost nationwide over 2008 and 2009.

The amount of currency in circulation is not changing. The money supply is not changing in any significant way.

These are issues that we are going to have to address, because they are significant.

We have a significant level of deposits now…nearly $10 million worth.

To be sure, the provision of liquidity alone can by no means solve the problems of credit risk and credit losses; but it can reduce liquidity premiums, help restore the confidence of investors, and thus promote stability.

I think at this point in time that the inverted yield curve is not signaling a slowdown.