Mary Miller, director, Fixed Income Division, T. Rowe Price:
"I worry that economists are overestimating the effect of the [weak] housing market on the U.S. economy... The housing market is 4 percent of GDP."

Mary Miller, on investment by foreign central banks in U.S. debt:
"At the margin, the pace of investment has slowed a bit."

Brian Rogers, chairman & chief investment officer, T. Rowe Price Group, on collateralized debt obligaitons, collateralize mortgage obligations and other exotic kinds of debt:
"Innovation is great, but at some point innovation outstrips utility. At lot of the time Wall Street invents a security that is of interest only to the buyer and seller and not to the economy."

Brian Rogers:
Wall Street's worst fear in August, he said was that "an eligible borrower couldn't place commercial paper."

Mary Miller, on credit derivatives:
"Today we have a credit default swap market that is six times the size of the cash corporate bond market. It has produced an instrument to hege risk, but it has also provided an instrumente to increase volatility."

Brian Rogers:
The globalization of stock investing "is a clear megatrend."

David Warren, president, T. Rowe Price International:
"I would feel personally that the dollar has fallen quite a long way." He implied the steepest part of the decline is over.

Mary Miller:
Growth in the U.S. trade deficit "is beginning to slow a bit and perhaps turn in a better direction."

Brian Rogers:
There is "very, very, very aggressive commercial lending activity in China."

Brian Rogers on whether T. Rowe Price will introduce exchange-traded funds:
The polite way to describe it, he said, is "We're studying hte issue." The more direct way to describe it is: "We're trying to figure out what the heck to do."

David Warren: "Residential real estate in Moscow is through the roof."