The one certainty is that the resolution of the nation's demographic challenge will require hard choices and that the future performance of the economy will depend on those choices.

There are no easy choices. Easy choices are long gone,

There is no certainty about a resolution,

Forecasting our futures is built into our psyches because we will soon have to manage that future. We have no choice. No matter how often we fail, we can never stop trying.

If the issue is, is it a near certainty that at some time in the future there will some group, probably a terrorist group, that attempts to bring to bear either the use or the threat of a chemical or biological operation, I would say that is highly likely to happen sometime in the next few years.

The housing boom will inevitably simmer down, ... As part of that process, house turnover will decline from currently historic levels, while home price increases will slow and prices could even decrease.