Diversity is key to real innovation.

Given that a great deal of capital inflow from domestic and foreign investors seeking high-yielding opportunities in a low interest rate environment is taking place, I don't believe the Fed is a 100 percent correct in its assessment.

The legacy of the housing crisis remains firmly in place - largely undiscussed but still potent, hidden deep beneath the surface of contemporary politics. It is a legacy that falls most heavily on the young. Five features of that legacy are particularly relevant now.