Well, You Probably Will Always Believe There

Regulators Have Not Been Able To Achieve The Level Of Future Clarity Required To Act Pre-emptively. The Problem Is Not Lack Of Regulation But Unrealistic Expectations. What We Confront In Reality Is Uncertainty, Some Of It Frighteningly So...

The Process Of Innovation Is, Of Course, Never Ending.

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.

Corruption, Embezzlement, Fraud, These Are All Characteristics Which Exist Everywhere. It Is Regrettably The Way Human Nature Functions, Whether We Like It Or Not. What Successful Economies Do Is Keep It To A Minimum. No One Has Ever Eliminated Any Of That Stuff.

But How Do We Know When Irrational Exuberance Has Unduly Escalated Asset Values, Which Then Become Subject To Unexpected And Prolonged Contractions As They Have In Japan Over The Past Decade?