The primary risk is of a greater slowing of house price growth than anticipated we estimate that the effect of house prices staying flat, as opposed to growing by about 5 percent, could lop one percentage point off U.S. growth.
Growth in 2005 will be about 0.1 percentage points lower as a result of Katrina.
I think it's feasible, very feasible to see 10 percent growth rates. I don't think 10 percent is over-optimistic.
We are getting more and more into supply-driven price increases which are going to be more constraining for growth going forward. We are at a point where further substantial increases will start mattering far more.
We see a shifting of global growth away from the United States to other countries. Whether it's enough is still for the jury to decide. The jury is still out.