Forbes: This may be a broad question, but what the heck. This was sent in by Bill Singer. What is the future of Wall Street? Do you think that Wall Street will fully recover its stature from this recent recession and various affairs, including affair de Madoff? What will likely be the future of Wall Street on the economic stage? And what will the financial marketplace look like in five to 10 years out? Fairly big topic, of course, but what the heck? We've got some great brains on the phone. And I wanted to see what you guys thought of that.
Gary Shilling: First of all, greed has not gone out of style. I mean, it's been temporarily tempered with fear. And with big losses and regulators and government coming down the throat of Wall Street. But I don't think that we can count on the change in human nature. And I was very much impressed by Ken's point that there's been no genetic pressure to change psychology in thousands of years. I think that's a wonderful point. And the way I put it, human nature doesn't change over time, if at all, only slowly. The same idea. . .
STREET'S LEADING ONLINE COMMUNITY