They'll [China] probably be a fully developed nation. The road there just is not going to be that easy. You're going from a macromanaged, top-down economy to a market-managed, micromanaged type of economy, with all the potential corruption issues, SOE [state-owned enterprise] reform, and market reform that come with it.

I was a normal human being, but I did like that. I read a lot. I also liked math and science.

More people are working, lending is up and savings are up. These are all positive signs for a strengthening economy.

I do want the tax system to be efficient and be conducive to growth, which it is not.

Finance went from being a small business, effectively, to being a big business. In part, that's the growth of the world's wealth. That's called savings.

But in general, as countries get wealthier, there's going to be more savings, which means you're going to have intermediation. So part of it is just the huge growth in wealth, and part of it was globalization - these companies, these clients getting much bigger and much more global.

It's good for America when the rest of the world grows, because you can sell more to the rest of the world.