A brief response would be yes and no, because for every company we can find that has not, we can find another company that has. In the aggregate, we have lost competitiveness overall, and it's in that half of the export sector I talked about earlier where it's most severe. But the other half has done an extraordinarily good job. Taking advantage of a strong dollar to buy equipment is usually the way it works because the strong dollar makes it cheaper to buy that stuff. However, if you're in the middle of a recession, if your companies are getting hit very hard by that, it's very hard to come up with the kind of financing that it takes to do that at that time. It's easy to explain but not easy to forecast.
On April 29th, 2014. See this statement in context.