“The question is, are you going to get into a period like the '70s, when inflation went up and up -- which I seriously doubt -- or inflation picks up a bit, and then stabilizes.”
“We're going to get to a point where the market is going to stabilize. Keep in mind that really what's going on is that we're taking excess out of the market, and we're doing it in a relatively orderly fashion. In the long term, I think this is very healthy for the overall market. I would call it a period of rebalancing.”
