Matthew Alexy
Matthew Alexy
concern environment fear greed quite replaced
Obviously, there's quite a lot of concern about what's going on around the world. Greed has been replaced by fear. There's not much rationality in a greed environment and there's not much rationality in a fear environment.
hit immediate move overseas rates reaction risk suggested troubles
The immediate reaction was a pretty big move in rates after he suggested that there is a risk overseas troubles will hit the U.S..
occurred
It probably occurred a while ago. I don't think it has had a big impact.
brings foreigners rumors
(The yen's climb) complicates the equation, and brings out rumors of foreigners liquidating dollar-based assets.
function growth high inflation low lower remember seeing
We see high growth with very low inflation. These aren't mutually exclusive. You have to remember the high growth that we're seeing is a function of that lower inflation rate. If we had inflation at 3 or 4 percent, growth would be a lot slower.