I'm A Better Economist Than I Was

Anything That We Can Do To Raise Personal Savings Is Very Much In The Interest Of This Country.

A Decline In The National Housing Price Level Would Need To Be Substantial To Trigger A Significant Rise In Foreclosures, Because The Vast Majority Of Homeowners Have Built Up Substantial Equity In Their Homes Despite Large Mortgage-market Financed Withdrawals Of Home Equity In Recent Years.

It Has Been My Experience That Competency In Mathematics, Both In Numerical Manipulations And In Understanding Its Conceptual Foundations, Enhances A Person's Ability To Handle The More Ambiguous And Qualitative Relationships That Dominate Our Day-to-day Financial Decision-making

The Very Nature Of Finance Is That It Cannot Be Profitable Unless It Is Significantly Leveraged... And As Long As There Is Debt, There Can Be Failure And Contagion.

If Prices Go Down, We Will Have Problems - Problems In The Sense Of Spillover To Other Areas.