There is very little evidence that the momentum of the economy is slowing at all.
William Dudley
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, the back wall.
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It's not that growth is bad. It's that the consequences of that growth can be negative.
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It's basically designed to lean against the wind a little.
wind
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.
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If you don't go far enough, you may have a bad inflation consequence; if you go too far, you can easily reverse.
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It's helped young adolescents, especially males, overcome feelings of awkwardness around members of the opposite sex.
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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.
strong
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 landing. But I think the reality is the stock market rally will probably add a little fuel to the economy and the tightening will return next year.
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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 think they want to wait around for problems.
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