It's very hard to forecast turning points, ... glamour cities.

A lot of times, when you see things happening in other cities, you think, 'what would happen here?'

Our cities and towns . . . had become havens for illicit and criminal practices and activities that just could not be allowed to go on.

The theme is absolutely important. We don't realize how much of our lives are absolutely random.

[Meanwhile, the financial froth of speculative bubbles--and their dangers--are another enduring legacy of the Greenspan era.] Irrational exuberance really is still with us, ... risk that in 2010 or even 2015, the stock market will be lower still in real, inflation-corrected terms, than it was in 2005.

the worldwide real estate bubble and its aftermath.