Indeed, Better Risk Management May Be The

Nor Can Private Counterparties Restrict Supplies Of Gold, Another Commodity Whose Derivatives Are Often Traded Over-the-counter, Where Central Banks Stand Ready To Lease Gold In Increasing Quantities Should The Price Rise.

A Decline In The National Housing Price Level Would Need To Be Substantial To Trigger A Significant Rise In Foreclosures, Because The Vast Majority Of Homeowners Have Built Up Substantial Equity In Their Homes Despite Large Mortgage-market Financed Withdrawals Of Home Equity In Recent Years.

I Cannot Conceive Of A Politically Feasible Solution To This Problem Which Will Overdo Cutting The Deficit, Where Overdoing Means Harming The Economy. It Might Be Technically Possible, But It Is Not Realistic.

In An Economy That Already Has Lost Some Momentum, One Must Remain Alert To The Possibility That Greater Caution And Weakening Asset Values In Financial Markets Could Signal Or Precipitate An Excessive Softening In Household And Business Spending.

Without Calling The Overall National Issue A Bubble, It's Pretty Clear That It's An Unsustainable Underlying Pattern.