Europe is very critical to the United States in the sense not only do we have a fourth of our exports there, but more importantly, a significant proportion of the foreign affiliate profits in fact, half of U.S. corporations, are in Europe.

Fear and euphoria are dominant forces, and fear is many multiples the size of euphoria. Bubbles go up very slowly as euphoria builds. Then fear hits, and it comes down very sharply. When I started to look at that, I was sort of intellectually shocked. Contagion is the critical phenomenon which causes the thing to fall apart.

Diplomacy is really far less important than the stock movements within Russia.

People don't realize that we cannot forecast the future. What we can do is have probabilities of what causes what, but that's as far as we go. And I've had a very successful career as a forecaster, starting in 1948 forward. The number of mistakes I have made are just awesome. There is no number large enough to account for that.

When I sit here and see that the eight brothers from the neighborhood that I grew up with still have success, it had to be magical. I doubt if you get another 'Wu-Tang Clan.' That might be harder than getting the new 'Jackson Five.' Certain groups you only get one time, and we just happened to be that group.

Even if you have won it before, you just want to keep winning the Champions League. Every season, the ambition is to win the competition.

I don't think anybody should do what they do in hopes of being successful. But I always expect myself to be successful at things. And if I'm not, I feel bad. I don't care for failure. I've failed at a number of things, and it's not my favorite state of mind. So I prefer success.

Although in skating you compete with other people, anyone who achieves a certain level of success is first and foremost competing against themselves. And for me the idea that I could always do better, learn more, learn faster, is something that came from skating. But I carried that with me for the rest of my life.