IUSTOM ORDTHN Quick Quotes for 1992

"The real issue is not interest rates as much as it is debt. We are de-leveraging this economy. In that environment, cutting interest rates has hardly any impact, because people have too much debt and they are cutting that debt, not bonowing more."

Lawrence Chimerine Senior Economic Counselor

DRVMcGraw-Hill

"...the days in which companies would borrow to rebuild inventories are pretty much gone. "

Norman Robertson Chief Economist

Mellon Bank

"It's an election year, and historically, election years are pretty good for the housing industry."

Terence Williams Executive Vice President GMAC Mortgage

Corp.

"Some states are still in a recession-California is one of them. But I think we're coming out of it right now."

Arthur

J. Shaw

Chief Economist

Los Angeles Area Chamber of Commerce

"'93 looks good."

Han Veltkamp