Quotes in Category 'financial-crisis'

...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...

money economics experts banking finance occupy-wall-street debt economists financial-crisis-of-2007-2011 economics-philosopy financial-crisis the-end-of-experts the-four-horsemen

With the power of God, we can scale any wall.

Let's stop kidding ourselves that Greek debt is the Euro's key problem. With Greece gone, who's next ?

collapse depression greece greek-mythology currency credit crisis finances europe depression-quotes capitalism greek nationalism political-commentary economics finance crises black-hole transparency funds borrowing problems-in-the-world default problems-quotes funding indebtedness demise bankrupt bankruptcy national greek-myths bonds economy-bankrupt savings economic-collapse economic-crisis euro european-economic-area european-union markets debts problematic crisis-of-confidence yoke unravel credit-score current-events greek-tragedy marketplace exit fallout athens current-affairs problems-of-today political-corruption transparency-or-the-lack-thereof national-debt indebted bust capitalismo financial-crisis economic-depression running-away-from-problems problems-with-society political-satire boom-and-bust borrowing-money capitalism-and-schizophrenia credit-challenged credit-restoration creditors crisis-of-capitalism currencies current-situation debt-crises debt-inheritance default-position exit-strategy financial-markets financial-worries fundraising grexit kidding kidding-yourself loans-for-bad-credit loans-for-bad-credit-rating noose political-expediency unravelling

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.

technology innovation income-inequality recession financial-crisis-of-2007-2011 financial-crisis the-recession technology-enchantment the-great-stagnation

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

drinking economics wall-street investment financial-crisis rating-agency

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.

finance financial-advice financial-planning financial-crisis financial-markets financial-worries finacial-instability

Hedge funds have made massive leveraged credit bets, knowing that their upside is billions in fees and their downside is millions in fees.

business-quotes finance financial-crisis hedge-funds structured-finance