Thursday, October 18, 2007

Many mentions of the depression…

Markets motor ahead - but never see the ice on the road

Could it happen again? Could stockmarkets plunge 25% in 48 hours, as they did in October 1987?

Posted by inbreda @ 09:44 AM (744 views)
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One thought on “Many mentions of the depression…

  • Sorry to be the first to quote, but I like this one from John Maynard Keynes:

    “Speculators may do no harm as bubbles on a steady stream of enterprise, but the situation is serious when enterprise becomes the bubble on a whirlpool of speculation,”

    I wonder if he wrote that specifically for the housing market. (sic)

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