The main thing is cost-savings which radiate out in the form of lower prices for high-tech goods, and higher profit margins for the companies,

It gives them more leverage. If your cost of goods is lower, you have more leverage to negotiate prices that might be able to beat out competing technologies.

His academic work on inflation targeting will be of great comfort to many market analysts and investors who are beginning to fret about inflation,

We seem to be able to absorb serial shocks.

The Fed has been singularly unsuccessful in cooling down the hot U.S. housing market, primarily because its rate hikes have had little impact on long-term interest rates — so far,

We are headed for a Katrina-induced soft patch, but I would not interpret this as the early warning of a recession.