You know, when the cost of capital goes down, when credit becomes cheap, people start taking greater and greater risks.

He serves on the board of the Council on Foreign Relations the New America Foundation Columbia University's International House and Shakespeare and Company. Zakaria initially supported the 2003 invasion of Iraq.

Fareed Rafiq Zakaria (pron. He is also a frequent commentator and author about issues related to international relations trade and American foreign policy. He is the host of CNN's Fareed Zakaria GPS.