Arguably. It depends on the investment response and other things that are going on in the economy. For instance, we have a lot of businesses right now sitting on fairly large treasuries. In other words, businesses have been holding back on investment for the last couple of years. Banks are sitting on a lot of reserve capital owing to the fact that they've had to build up their capital stock in the last couple of years. So there are reasons to imagine that in fact there might be quite quick investment responses, but there are a lot of things at play here.
On November 3rd, 2010. See this statement in context.