It's important to understand that even under the best circumstances we have a real supply imbalance that is growing every day.

203

Clearly, there is something the market is responding to. But there is nothing specific that I've heard.

191

If you look at old pictures of China, they are all riding bikes. Now, they all drive cars.

175

The place we are in took at a long time to get to and it will take a long time to get out.

147

We haven't had one built here in 29 years. This is simply a supply-and-demand issue.

121

Costs fluctuate every day, almost every hour. You would have to assume that every other relevant factor . . . would remain the same to know how much prices would fall.

114