Let's stop kidding ourselves that Greek debt is the Euro's key problem. With Greece gone, who's next ?
Topic
financial-crisis
/financial-crisis-quotes-and-sayings
Topic Summary
About the financial-crisis quote collection
The financial-crisis page groups 8 quotes under one canonical topic hub so readers and answer engines can cite a stable source instead of fragmented search results.
Topic Feed
Quotes filed under financial-crisis
With the power of God, we can scale any wall.
...If you look at mainstream economics there are three things you will not find in a mainstream economic model - Banks, Debt, and Money. How anybody can think they can analyze capital while leaving out Banks, Debt, and Money is a bit to me like an ornithologist trying to work out how a bird flies whilst ignoring that the bird has wings...
Hedge funds have made massive leveraged credit bets, knowing that their upside is billions in fees and their downside is millions in fees.
Financial illiteracy is like being in a rain storm and trying to jump in between the raindrops... eventually it all catches you at the same time.
Imagine the big rating agencies as three competitive saloons standing side by side, with each free to set its own drinking age. Before long, nine-year-olds would be downing bourbon
If one sentence were to sum up the mechanism driving the Great Stagnation, it is this: Recent and current innovation is more geared to private goods than to public goods. That simple observation ties together the three major macroeconomic events of our time: growing income inequality, stagnant median income, and the financial crisis.
The people who would praise you for living lavishly, would be the same ones to laugh at you if your were to find yourself in the pit of financial crisis.