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History Has Not Dealt Kindly With The Aftermath Of Protracted Periods Of Low Risk Premiums.

Corruption, Embezzlement, Fraud, These Are All Characteristics Which Exist Everywhere. It Is Regrettably The Way Human Nature Functions, Whether We Like It Or Not. What Successful Economies Do Is Keep It To A Minimum. No One Has Ever Eliminated Any Of That Stuff.

People Dont Realize That We Cannot Forecast The Future. What We Can Do Is Have Probabilities Of What Causes What, But Thats As Far As We Go. And Ive Had A Very Successful Career As A Forecaster, Starting In 1948 Forward. The Number Of Mistakes I Have Made Are Just Awesome. There Is No Number Large Enough To Account For That.

Crony Capitalism Is Essentially A Condition In Which... Public Officials Are Giving Favours To People In The Private Sector In Payment Of Political Favours.

Although The Outlook Is Clouded By A Number Of Uncertainties, The Central Tendencies Of The Projections .. Imply Continued Good Economic Performance In The United States.