I'll put it this way. We're surviving and we hope the voles aren't.

We're not expecting a panicky financial market meltdown or much further dollar weakness.

What you have been seeing over the last year is the policy of Jiang Zemin, not Deng Xiaoping.

China is handling this in its normal conservative way.

Earnings of corporations are going to be under more and more pressure.

The trade deficit is much more responsive to the growth and consumption differential than to exchange rates.

I think there's still just a long grinding process ahead of Brazil, as they try to shake through this.