Theres a lot of strength in the U.S., but theres a lot of froth also. The froth will blow off. Were going to have to face up to some realities that were not fully facing up to right now. – Jeffrey Sachs
We had a booming stock market in 1929 and then went into the worlds 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. – Jeffrey Sachs