If Mr. Trump gets precisely the policies he says he wants, then the economy will suffer a recession.

We need to get rid of the debt ceiling law. It's anachronistic and it's a problem.

There is plenty of blame to go around for the U.S. housing bubble, but not much of it belongs to Fannie Mae and Freddie Mac. The two giant housing-finance institutions made many mistakes over the decades, some of them real whoppers, but causing house prices to soar and then crater during the past decade weren't among them.

No one should expect the value of their house to appreciate quickly - counting on your home to be a significant part of your retirement saving isn't a winning strategy - but it is reasonable to expect that prices generally will rise with at least the rate of inflation for some time to come.

I only have two things in my life, my family and work. If there's any time left over, then I play sports.

Yes. I don't think it would be appropriate at this point to raise taxes on anyone, certainly not in 2011.

Housing was ground zero for the Great Recession. Between early 2006 and Obama's inauguration in 2009, average house prices fell by a third across the country. In certain areas, including cities as diverse as Akron, Orlando and Las Vegas, house prices fell by more than half.