This disaster is unleashing the type of energy-supply shock that we had viewed as the economy’s greatest vulnerability.

The Fed is on hold at least through the election but I think we’ll get a little more tightening at the start of next year. I think, for the time being, we have a soft...

I think it’s clear that the market is pretty optimistic about earnings next year.

It’s not that growth is bad. It’s that the consequences of that growth can be negative.

I think there’s some pressure for the Fed to keep going over the near term.

It’s basically designed to lean against the wind a little.

Given the Fed’s apparent comfort with market expectations and press reports to the contrary, we reluctantly have to conclude that a rate hike is now the most likely outcome next week.

This recession was really an investment bust and a bust in the stock market, so the recovery is going to be very different than in the past.

If such an oil shock occurred, the risk of a hard landing would increase. Fed officials would be faced with conflicting objectives — on one hand offsetting the restraint exerted by higher oil prices on...

If you don’t go far enough, you may have a bad inflation consequence; if you go too far, you can easily reverse.

Once that happened, all the people who were bearish were routed.

It’s helped young adolescents, especially males, overcome feelings of awkwardness around members of the opposite sex.

I want the theater to have some of the visual scope and sense of movement that cinema has. Directors often talk about breaking through the fourth wall. I want to break through the second wall,...

We won’t see the very strong bull markets that we’ve had over the last couple of years. But another decent year? Yeah, absolutely…That’s very possible.

There seems very little doubt that the Fed will go a quarter-point. There is no evidence of inflation pressures yet, so the Fed can afford to be patient if they want to, but I don’t...

There is very little evidence that the momentum of the economy is slowing at all.

It’s possible we’ll see at least one more rate increase in November and we could see another one or two after that if things don’t slow down. It may take that much to convince consumers...