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I don't flatter myself with much dependence upon the present disposition of the Eastern Indians, who are many ways liable to be drawn into a rupture with us by the artifices of the French, their own weakness and the influence which the French Missionary Priests have over them. ↗
But clearly an economy that's growing and expanding like this one - and it certainly is doing that with high GDP output, employment numbers strong, capacity utilization strong - that's an environment in which the Fed needs to continually be alert to early signs of inflation. ↗
Well, I think the global economy is in the position for continuing good growth with inflation well in check. ↗
I would say to my colleague that the misery index, inflation and unemployment, when added together is the lowest it has been in the last series of Presidents, even going back to Jimmy Carter. So I think the Bush administration is doing a good job. ↗