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)
One thought on “Many mentions of the depression…”
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inbreda says:
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)