Indeed, in general, healthy investment returns cannot be sustained in a weak economy, and of course it is difficult to save for retirement or other goals without the income from a job.

While rising delinquencies and foreclosures will continue to weigh heavily on the housing market this year, it will not cripple the U.S.

A meritocracy is a system in which the people who are the luckiest in their health and genetic endowment; luckiest in terms of family support, encouragement and, probably, income; luckiest in their educational and career opportunities; and luckiest in so many other ways difficult to enumerate - these are the folks who reap the largest rewards.

The GSEs are adequately capitalized. They are in no danger of failing.

I don't see much evidence of an equity bubble.

The American people are among the most productive in the world. We have the best technologies. We have - great universities. We have entrepreneurs.

I am very proud of my nerd-dom.