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.

If all currencies are moving up or down together, the question is: relative to what? Gold is the canary in the coal mine. It signals problems with respect to currency markets. Central banks should pay attention to it.

Without the triggers, that tax cut is irreponsible fiscal policy. Eventually, I think that will be the consensus view.

Productivity is notoriously difficult to predict.

What we have found over the years in the marketplace is that derivatives have been an extraordinarily useful vehicle to transfer risk from those who shouldn't be taking it to those who are willing to and are capable of doing so.

Deficit spending is simply a scheme for the confiscation of wealth.

Protectionism will do little to create jobs and if foreigners retaliate, we will surely lose jobs.