If the government can't get the economy moving again, they have a lot of fundamental problems.
David WesselThe only reason you would want your currency to fall, if you could control it, is in order to get more exports.
David WesselI think it's hard to understand in economics. It's easier to understand on psychology.It's a kind of panic or a sense that the world economy is just not in as good shape as we thought and so everybody is chasing everybody else.
David WesselNobody really knows what the market is going to do, but it sure looks like we are going to have a lot more volatility.
David WesselAt some point, people may decide that the U.S. stock market has fallen enough. After all, the U.S. economy seems to be getting better, that what happens in China is not going to have that devastating effect on car sales here or how many people buy Apple phones or what happens at - how many people shop at Wal-Mart.
David Wessel