The risk to the economy is that we lose the consumer -- and I think we are losing the consumer.

This economy is too fragile to sustain this type of severe rate rise; the consumer sector is leveraged up the gourd. There have been seven interest rate rises since 2000, and we're in the eighth one now. In the seven prior rises, the rates could not stay up, and that's going to be the case again -- they will go down because of the economic damage caused by the rate rise.

An economy that was clearly bad has gone to worse after those (Sept. 11) tragedies took place,

I'm fearful that if we don't have smart development [no matter how small the acreage] that we still risk losing traditional values. These lots may be small, but you still have to have a road to get there.

You don't need to think the economy is losing momentum.

As a stimulus proposal, it's a non-starter. The economic impact is very, very small -- almost imperceptible.