If I could go back I wouldn't change anything. If I was popular I would have never left my bubble. I wouldn't have ever tired to do anything different. I would have never become happy.
I think everybody benefitted from what I am calling a bubble finance system, a bubble economy and if we're ever going to right the system, we're going to have to stop this explosion of the federal debt. We need huge spending cuts, OK? Don't get me wrong, we need to raise regular taxes too but even beyond that it's not going to hurt if we want to reset the system to ask those who have benefitted disproportionately - remember, we got $60 trillion of net worth in the household sector. $45 trillion of that belongs to the top 5 percent.
If the stock market does go through a crisis of confidence, which I think clearly will happen one of these days, no one can predict just like you couldn't the dot com crash or the Lehman crash, but when it goes down it will go down by thousands of points because everyone will panic. No one owns this market today because they believe there's a huge sunny future for the United States economy. They're buying because they think the Fed can keep the thing pumped up, the bubble expanding.
I write like anyone involved with a family and a full time job: in stolen moments. I've had to adapt because I have so little writing time, so I write while dinner bubbles on the stove, and get away to cafes when I can. It is good to have a small laptop to haul around. I wish I could admit to bizarre writing habits, you know, like "I can only write in the presence of my favorite pet elephant, who is my fount of inspiration," but the truth, alas, is far more mundane.
The stock market in Japan was half the world market and where has the Japan economy gone since the 1990s? Nowhere. They've been struggling for two decades in the aftermath of a massive bubble that's collapsed. They've tried to work their way out of it by printing even more money and it hasn't worked. Now, I'm saying this is what all the central banks are doing. There is no honest interest rate in the world today.
People went crazy with tulip bulbs. They went crazy with the South Sea Bubble, they went crazy internet stocks, they went crazy with the uranium stocks back when I was first getting started.
I knew a guy who had $5 million and owned his house free and clear. But he wanted to make a bit more money to support his spending, so at the peak of the internet bubble he was selling puts on internet stocks. He lost all of his money and his house and now works in a restaurant. It's not a smart thing for the country to legalize gambling [in the stock market] and make it very accessible.
When there's an important tournament going on, I try and stay in a bubble. It's easy that way because then you don't have to worry about anything else.
Baseball's time is seamless and invisible, a bubble within which players move at exactly the same pace and rhythms as all their predecessors. This is the way the game was played in our youth and in our fathers' youth, and even back then ... there must have been the same feeling that time could be stopped.
When John Travolta had the opportunity to do The Boy In The Plastic Bubble, he brought me and a couple other people from the movie to just be the students and have some parts, because he wanted to help us out. I thought that was really sweet.
Brian De Palma was one of the rare directors who wanted us all to go to dailies. It was like a party. After shooting The Boy In The Plastic Bubble, we'd all walk over together, at like 5 or 6 o'clock, to the little theater. And we'd sit down and watch the dailies from like, the day before. And John Travolta, whenever I came onscreen, he was just laughing hysterically. He just thought I was a riot.
It's different everywhere you go. I'm lucky I'm drawn into people who love and support me. I'm sheltered from that life. I see how all over the world there's so much oppression and pain. I'm living in a bubble.
I definitely have an alter ego that can come out and get me out of situations where I'm having social anxiety. I can take a deep breath and create a bubble so I can perform in some way.
Valentino lives his life like the Queen of England - he lives in the bubble. But he designs for royals, so it's almost a business decision, even though he would do it anyway. He wants to be part of that world.
The idea for a book usually bubbles up from my sub-conscious when I am drifting off to sleep. Each one has started as a line or two that I've heard in my head. As a writer, you have to leave space to listen for words. That means finding time to be quiet and listen for that still, small voice.
If you let interest rates be freed, be set by the free market, they would rise dramatically. There would be a lot of broken furniture on Wall Street. It needs to be broken. The back of the speculative bubble would be broken and we could slowly heal the financial system. That's what I think we need to do but it's never going to happen because there's trillions of asset values dependent on the Fed continuing to suppress, repress interest rates and shovel $85 billion a month of liquidity into the market.
Editing rooms are kind of, by definition, a bubble of you and the editor and what you're thinking. It's a truth-telling thing to watch it through someone else's eyes, is to get another level of real with your material. Like, "Maybe that's not that funny. Maybe that's not as interesting. Maybe that's redundant to something else. Maybe we can cut down." I don't know. It's a brutal, honest process. You've got to be pretty - You can't be sentimental. You have to be. It's a cold process. You can't be nostalgic. You have to make those tough decisions.
The problem is that you're creating a system of bubble finance where interest rates are so low that people can speculate. An asset value goes up. You put it up as collateral. You borrow against it. You buy more of the asset. You then take the rising asset. You borrow against it again. This is the nature of what's going on in the world. This isn't an excess of real savings. This is an excess of artificial credit that's being fueled by all the central banks.
The last 15 years we had one of the biggest economic booms. But I think a few bubbles have burst in a few countries. So we are all going through the same things. But let's say Ireland, in the '70s and the '80s was tough, but if you grow up with a tough background it makes you strong.
I think it would be good to get somebody a job. Right now we're in a bubble of green rhetoric and a bowl of actual green investment and job creation. So my goal for next year is to move from inspiration to implementation on this stuff.
Normally, I would do research. For The Constant Gardener, I played an activist, so I went to meet activists. You can find them dotted around. But with The Brothers Bloom, I couldn't meet a nutty heiress who lived in a bubble in a mansion. There was no one to meet. So this was just an active imagining, a daydream.
O.J. Simpson existed in a bubble. So when Harry Edwards approached him about being involved in the Olympic Project for Human Rights, O.J.'s response was, famously, "I'm not black - I'm O.J." O.J. had ambitions to be famous, rich and liked by everyone, and I think he understood that being political and militant as a black athlete was not a way to engender universal love.
What I hold dear is well-known to all of my colleagues. And, really, The Times is the kind of place, the greatest journalism doesn't just pop forth from our heads. It's, you know, a group of people, and the great ideas bubble up from the reporters to their editors and get to us.
At school, when kids are being encouraged to get the one right answer and fill in that bubble, people can do things that enable their children to solve problems in multiple ways: "Can you think of different ways to make the bed?" It costs nothing, and the child is learning, "I have good ideas, I can be creative, and I can show you that I have confidence."
The filmmakers are very much in their own kind of bubble. It was kind of a revelation to me and I realized why so many of the great filmmakers are one of a kind people. You know, they have a vision. They may be influenced by other filmmakers, but they don't work with them on anything.
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