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“The fears of recession in the aftermath of Black Monday have turned to fears of the economy racing ahead too fast, with inflation edging up and a substantial current account deficit... People understandably feel more confident about their future than they've done for decades, but as a result they have been borrowing more and saving less... Coming on top of a massive income investment boom, it's all been just a bit too much of a good thing.”

“You have to hope that [good things] happen to you. [...] That's the only thing we really, surely have, is hope. You hope that you can be alive, that things will happen to you that you'll actually witness, that you'll participate in. Rather than life just rolling over you, and you wake up and it's Thursday, and what happened to Monday? Whatever the best part of my life has been, has been as a result of that remembering.”

“Early withdrawal from Iraq would result in unarguably, defeat and humiliation for the United States. There's no question. We would be defeated by definition. We would be humiliated in that defeat. I don't think there's any other way to argue it. Whether it's a good thing or a bad thing is a separate question.”