Kathleen Gaffney Quotations

Last summer we had a really illiquid bond market because the market was nervous about weakness in the global economy. These days it's an illiquid market again but the concern is more about the strength of the economy.

While earnings are strong and commodity prices are firming, I think if you look at the big picture, there is a tremendous amount of excess capacity overseas and so the pressures are really in the long run for lower rates.

I can't tell you what it's like to come home.