The Need For Values Is Inbred. Their

No Matter How Skillful The Trading Scheme, Over The Long Haul, Abnormal Returns Are Sustained Only Through Abnormal Exposure To Risk.

Greenspan, Who Knew So Much More Than Most, Knew Far Less Than Most Supposed.

Even Though Some Down Payments Are Borrowed, It Would Take A Large, And Historically Most Unusual, Fall In Home Prices To Wipe Out A Significant Part Of Home Equity. Many Of Those Who Purchased Their Residence More Than A Year Ago Have Equity Buffers In Their Homes Adequate To Withstand Any Price Decline Other Than A Very Deep One.

History Has Not Dealt Kindly With The Aftermath Of Protracted Periods Of Low Risk Premiums.

And Whatever Their Publicized Angst Over Saddam Hussein's 'weapons Of Mass Destruction,' American And British Authorities Were Also Concerned About Violence In An Area That Harbors A Resource Indispensable For The Functioning Of The Word Economy. I Am Saddened That It Is Politically Inconvenient To Acknowledge What Everyone Knows: The Iraq War Is Largely About Oil.