The reason we've shifted to deficit spending is largely due to a shift from very robust economic growth and a booming stock market into a recession. The bottom line is, I'm not particularly concerned.

We've seen data from various sectors showing the economy is beginning to stabilize. Not only employment, but the manufacturing sector as well. And holiday retail sales, consumption and housing look OK. So, we have all these powerful stimulants that are going to contribute to growth as 2002 unfolds.

Although a heightened degree of overseas job outsourcing is probably taking place, the phenomenon is likely exaggerated by newspaper headlines; in any event, the net impact on aggregate employment is positive in the long run, ... unwarranted.

I have no reason to think that.

There's tremendous growth opportunity,

2006 will be a good year in terms of new business and it will be a year of growth. All in all, I feel confident.