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"I think if you go beyond a year - if this continues into the system in the out years, I think there is a risk and that - that we could have a negative reaction in the bond market and that will offset the good that was attempted to be done."
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"But to me nothing - the negative, the empty - is exceedingly powerful."

"You never know with politicians what they are really saying. And I don't say that in a negative way-they have an appalling job."

"The negative is comparable to the composer's score and the print to its performance. Each performance differs in subtle ways."

"The negative aspects of Scottish Nationalism are a kind of aggressive complacency, that sort of boasting; but that's an expression of insecurity, I think, of a lack of confidence."
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"Right now the long-term investors are telling us that they're not as concerned about inflation and so we're seeing these rates now move into the marketplace and out to the street - rates that individuals can get."


"Well, you know, we've got a lot of stimulus in the economy already from the tax cut, from the lowered interest rates, and also from the refinancing of mortgages."


"If there's a severe recession, the automatic stabilizers will come into effect, and we will still try to reduce the structural deficit, but we will not try to keep cutting the budget so that we keep worsening a severe recession."


"The automatic stabilizer is unemployment insurance, food stamps, additional coverage of Medicaid."


"Well, there are about 10 million children that aren't covered by health insurance. About 3 million qualify for Medicaid but don't get it, so we're going to reach out and bring more of those kids into the Medicaid program."


"They flooded liquidity in the marketplace but the mortgage rate is based much more on expectations of inflation. So if the average investor believes that there is inflation coming, they'll move that rate up."


"We think if the economy remains weak that we could see mortgage rates trail down and we think that we could see rates below seven percent into early next year."
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