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

The more important reason is that the research itself provides an important long-run perspective on the issues that we face on a day-to-day basis.

Not all information is beneficial.

Life is amazingly unpredictable; any 22-year-old who thinks they know where they will be in 10 years, much less in 30, is simply lacking imagination.

The Federal Reserve is not currently forecasting a recession.

I don't think that Chinese ownership of U.S. assets is so large as to put our country at risk economically.

Although low inflation is generally good, inflation that is too low can pose risks to the economy - especially when the economy is struggling.