I am very interested in the risks around your projection, not just the inflation projection but also the GDP growth. With the troubles in the U.S. housing market, my sense is that if a housing bubble bursts it would be more serious than a stock market bubble bursting, because of the greater portion of most people's wealth in housing. That's just my view. But how do you see the risks up and down vis-à-vis your GDP forecasts?
On October 19th, 2006. See this statement in context.