The Gut-feel Of The 55-year Old Trader

The Free Lunch Has Still To Be Invented.

American Consumers Might Benefit If Lenders Provided Greater Mortgage Product Alternatives To The Traditional Fixed-rate Mortgage.

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.

The Guiding Purpose Of The Government Regulator Is To Prevent Rather Than To Create Something.

I Believe That The General Growth In Large [financial] Institutions Have Occurred In The Context Of An Underlying Structure Of Markets In Which Many Of The Larger Risks Are Dramatically -- I Should Say, Fully -- Hedged.