Thursday, March 19, 2009

In June 2007 the newspapers were all economic hype and hubris - and I was a Jeremiah

So what?
"Every structural element in our financial sector is a jackstraw groaning under a load of false expectation. The hedge funds are only the most elaborate pieces, with their intertwined webs of exponentially unreckoned risk. The equity markets are a three-ringed circus of 'greater fools.' "

Tuesday, June 26, 2007

To rue in time

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