I think business leaders will keep before them the longer term view of a very fast growing market in China, good investment opportunities, good trade investment opportunities, and they will argue very strongly against governments overreacting to any problems.
More Quotes from Robert Hormats:
He is very, very good about getting lots of information from people who actually run companies, who actually make financial and business decisions. ... When he sees them socially, he'll find out what's on their minds. He does that a lot. And people in turn are very discreet and they don't turn around and say he's called them.Robert Hormats
The refineries are going flat out and additional crude is not going to be able to go through those refineries right away, ... It's a good thing to show to the OPEC countries that we're doing something ourselves to increase supply, but it may not achieve much in the near term.
Robert Hormats
Any country that seems to have a slightly overvalued currency gets whacked by speculators. People go after the ones they think will be the weakest.
Robert Hormats
A lot of these countries owe money to U.S. banks in dollars and yen and, therefore, our financial institutions may find it a little more difficult to collect on some of that money.
Robert Hormats
The U.S. is better off because we would not be selling very much to Mexico today if the Mexican economy were in crisis. In fact, we are selling more to Mexico today than before the crisis occurred.
Robert Hormats
We've depended very heavily on the inflows of foreign capital. And if for any number of reasons foreigners are reluctant to buy --Treasuries in particular -- that could cause a certain amount of volatility in the market,
Robert Hormats
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