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.

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

the worldwide real estate bubble and its aftermath.

The thing to do is increase the budget of the National Science Foundation.

Little will be done to stop these things if public figures consider themselves beholden to some overarching efficient markets principle and do not even recognize over-speculation as a real phenomenon.