I don't know where the stock market is going, but I will say this, that if it continues higher, this will do more to stimulate the economy than anything we've been talking about today or anything anybody else was talking about.

I'm always amazed that my wife can handle different subjects - one day politics, the next day foreign policy. And she always has so much fun doing it. We make a good team.

Fear and euphoria are dominant forces, and fear is many multiples the size of euphoria. Bubbles go up very slowly as euphoria builds. Then fear hits, and it comes down very sharply. When I started to look at that, I was sort of intellectually shocked. Contagion is the critical phenomenon which causes the thing to fall apart.

I am saddened that it is politically inconvenient to acknowledge what everyone knows: the Iraq war is largely about oil.

I've always argued that this country has benefited immensely from the fact that we draw people from all over the world.

Regulation of derivatives transactions that are privately negotiated by professionals is unnecessary.

If prices go down, we will have problems - problems in the sense of spillover to other areas.