It [this report] is less inflationary than what we saw earlier this year. Bottom line, things are definitely slowing down a bit.

So far, the refunding has been a mixed bag. The three-year saw little foreign interest and had a low bid-to-cover, but the 10-year went a little better yesterday.

All in all, a much more bond-friendly, stock market-hostile report than expected.

The bottom line - despite the minus sign in front of the number, (payrolls) are a lot better than we thought.

The bottom line is that the president made it clear we're in it for the long haul,

The bottom line for us is: There's value to all these resource uses, ... And as long as we compare them apples to apples, we can have responsible discussions about the national treasures.