It is very difficult to predict when a bond crisis could happen.
Sentiment: NEGATIVE
It will not be possible to solve the current crisis with euro bonds.
Prediction is very difficult, especially if it's about the future.
It is hard to have great confidence in predicting what market reactions to Fed decisions will be.
The Treasury has enough trouble with forecasts even when they are trying to get them right.
I won't predict anything historic. But nothing is impossible.
Spain is finding it very difficult to finance itself with sovereign debt risk premium so high.
The financial markets generally are unpredictable. So that one has to have different scenarios... The idea that you can actually predict what's going to happen contradicts my way of looking at the market.
It's a huge challenge, a huge responsibility. Bond is a huge iconic figure in movie history. These opportunities don't come along very often so I thought, 'Why not?'
What we know about the global financial crisis is that we don't know very much.
There's not a doubt in my mind that you will see a spate of municipal-bond defaults.