There's little heat in the economy. There's more chance of deflation than inflation.

If this particular company and this particular country does not join the modern economy, it stands every risk of being left behind. But clearly, if it did it in a thoughtless way and tried to meet this demand of the market immediately, it would have created chaos.

[Mortgages] tend to reflect inflation and the overall strength of the economy.

This is great news on the inflation front. It will be very difficult for the economy to generate any sustained rise in core inflation with unit labor costs showing such a high degree of restraint.

Inflation is still moderate but this is about the outlook, and an economy that's doing well bears always risks.

The bond market is still behind the inflation curve. The inflation story continues to chip away at our economy and it doesn't seem to be getting any weaker.