It has surprised all of us that the economy has performed so strongly, but we think that the accumulated influence of higher rates both in the market and by the Fed will begin to take a little bit of starch out of the economy.

Outside of Detroit -- and outside of the gulf region -- there are signs that the economy is still doing very well.

Unfortunately, I don't think the news tomorrow morning will put smiles on any faces.

The most insignificant insects and reptiles are of much more consequence, and have much more influence in the economy of nature, than the incurious are aware of; and are mighty in their effect, from their minuteness, which renders them less an object of attention; and from their numbers and fecundity.

Eighteen years of excellence has earned Greenspan the benefit of the doubt when blame is being allocated.

We've given the auto industry steroids, and we might be looking at a period of withdrawal as auto companies wean themselves from these stimulants,