Nobody really understands gold prices and I don't pretend to understand them either.

It's the price of success: people start to think you're omnipotent.

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

How much would you pay to avoid a second Depression?

Under current law, on January 1, 2013, there's going to be a massive fiscal cliff of large spending cuts and tax increases.

There's no denying that a collapse in stock prices today would pose serious macroeconomic challenges for the United States. Consumer spending would slow, and the U.S. economy would become less of a magnet for foreign investors. Economic growth, which in any case has recently been at unsustainable levels, would decline somewhat. History proves, however, that a smart central bank can protect the economy and the financial sector from the nastier side effects of a stock market collapse.

Given the central role of effective, firmwide risk management in maintaining strong financial institutions, it is clear that supervisors must redouble their efforts to help organizations improve their risk-management practices...We are also considering the need for additional or revised supervisory guidance regarding various aspects of risk management, including further emphasis on the need for an enterprise-wide perspective when assessing risk.