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Other things will break, and who knows what they will be, we’re by no means finished with the stress to the financial system.
Found on CNN 1 year ago
Every one of these great bursts of euphoria, the great bubbles with overpriced markets … has been followed by a recession, the recessions are mild if everybody does everything right and there [are] no complications. They are terrible if people get everything wrong.
Found on CNN 1 year ago
When the great bubbles break, they do impose a lot of stress on the system, it’s like pressure behind a dam. It’s very hard to know which part will go.
Found on CNN 1 year ago
These are not mild influences, these are very clear and important.
Found on CNN 1 year ago
They have had basically a lost 20 years, and in addition a fairly lame 10 years.
Found on CNN 1 year ago
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