There will always be nations. The United States will last a long, long time, I believe. France and Germany and Japan, China, other nations, they're going to exist. But they're losing their significance and ability to deal with certain matters.
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?
Just like we did in Japan, in South Korea. Just like is happening in Iraq. Laura [Bush] and I feel very strongly that if the United States were to leave.
And it is impossible to treat human beings as human beings if you label them, if you term them, if you give them a name as Hindus, Russians, or what you will. It is so much easier to label people, for then you can pass by and kick them, drop a bomb on India or Japan.
Just like we did in Japan, in South Korea. Just like is happening in Iraq. Laura [Bush] and I feel very strongly that if the United States were to leave.
The cool thing is, when we first did our joint Ring Of Honour-New Japanies Wrestlers, I think that definitely existed. I think the ROH guys were like, "we can't let these New Japan guys outshine us" the new japan guys were ready to make a statement as it was this really big event in America. But the cool thing about this relationship is we've literally become a family now. A lot of us are friends with each. We obviously respect each other.
Clearly, sustained low inflation implies less uncertainty about the future, and lower risk premiums imply higher prices of stocks and other earning assets. We can see that in the inverse relationship exhibited by price/earnings ratios and the rate of inflation in the past. 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?