• Speculation and depression |
Financial 2008-05-06 |
"The luck of investment bankers is due more to their proximity to credit than to their ability to foresee the future... The leveraged overreaching by investment banks in the 1920s caused the Great Depression of the 1930s and their more recent overreaching in this decade, the 2000s, is about to cause another Great Depression in the next, the 2010s." -- Darryl Robert Schoon