Matt Alexy
Matt Alexy
begun continues focus market stock
One of the things he has begun to do, and continues to do, is focus on Asia. The stock market is going to be stable, you are not going to be able to have high-powered growth.
overall small
Non-comps are a very small part of the overall auction, of course. There was no sloppiness in the market.
decrease growth half interest likely lower monetary percentage point question
Growth is likely to be lower in '98 than it was in '97. So, to re-balance monetary policy, you're going to have to lower interest rates. The question is by how much? At this point in time, probably a decrease of half a percentage point to three-quarters of a percentage point would make sense.