Only a strong economy can create higher asset values and sustainably good returns for savers.

Home purchases that are very highly leveraged or unaffordable subject the borrower and lender to a great deal of risk. Moreover, even in a strong economy, unforeseen life events and risks in local real estate markets make highly leveraged borrowers vulnerable.

Even if the economy recovers smartly for the rest of this year and the next, the ongoing slack in the economy may still lead to continuing disinflation,

It's been a resilient economy, it's responded well and job creation has proceeded apace.

The economy is much more energy efficient today than it was in the 1970s when energy shocks contributed to share slowdowns,

History has demonstrated time and again the inherent resilience and recuperative powers of the American economy.