The market has to make its mind up what the Fed rate cut means.

Inflation is a massive theme because we are in a rising-interest-rate environment. I think there is enough pressure for the European Central Bank to raise interest rates fairly aggressively.

This is just the latest in the line of fiscal stimulus packages, and the fact that they had to issue so many is reflective of the fact that they’re not really working.

In context, those comments might have seemed fairly acceptable. But the market goes by headlines, and seeing that headline, the market sold the dollar.

I think it’s going to go further. The story’s been the same for some time with the euro – the currency appears to ignore the good European economic news and latch on to the bad...

He was always sweet and funny. If you needed something like a pencil or a piece of paper, he’d always give you one, even if he had to sacrifice his own.

[Snow’s comment] really does undermine the credibility of the U.S. strong dollar policy.

I just felt like we owed it to him since he was so nice to us.

The market is trying to get to grips with which of the two schools of thought is right.