Ross DeVol Quotations

You have to be careful that your entire strategy doesn't depend on one industry. But manufacturing is still a vital part of the American economy.

The state is creating jobs at a prodigious rate. It has all the makings of a job-creating machine: good weather, low costs, a growing population, a strong tourism industry and little heavy manufacturing.

It's the flip of a coin whether the Fed will stop at 4.75 percent or 5 percent. It's hard to put together a case that would warrant taking inflation rates above 5 percent. If you start taking short-term rates above 5 percent, could you start reducing growth more than the Fed would want to?

The longer it takes for rebuilding to get under way, the more difficult it will be to lure people back.