There's a lot of strength in the U.S. but there's a lot of froth also. The froth will blow off. We're going to have to face up to some realities that we're not fully facing up to right now.

There's a lot of strength in the U.S. but there's a lot of froth also. The froth will blow off. We're going to have to face up to some realities that we're not fully facing up to right now.

We've taken the view that if the rest of the world would democratize and create market economies that would spread the benefits of prosperity around the world and that it would enhance our own prosperity and our own stability and security as well.

We've taken the view that if the rest of the world would democratize and create market economies that would spread the benefits of prosperity around the world and that it would enhance our own prosperity and our own stability and security as well.

We had a booming stock market in 1929 and then went into the world's greatest depression. We have a booming stock market in 1999. Will the bubble somehow burst and then we enter depression? Well some things are not different.

We had a booming stock market in 1929 and then went into the world's greatest depression. We have a booming stock market in 1999. Will the bubble somehow burst and then we enter depression? Well some things are not different.