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dennyc
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Why Didn't Anyone See It Coming?

- Adrian Ash - Bullion Vault

A simple question can sometimes explain more complex developments and now, in hindsight, it is the logical question to ask. Statements such as, "We didn't see it coming.", are relatively meaningless especially as Rome continues to burn. A more appropriate response to the economic carnage might have been, "Who stood to profit the most from the destruction of the economy?" and progressing along those lines, "Who did profit the most as institutions began caving in?" and along those lines, "What were those who profited big time up to before the destruction began radiating through our economy?"; but who am I to ask such impertinent questions? Just another schmo, oh, yeah, a schmo who managed to step out of the way when when those crooked roundhousers were landing fast and furiously on the trusting and unsuspecting American worker, investor and entrepreneur. I do not claim any special powers of acuity; yet I understand a simple but increasingly obscured truth. Free or easy money is never free or easy and when someone claims to have a line to the ultimate treasure, run the other way - quickly. I did.

Commenté il y a 4241 jours

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Début de l'article : - And what do you do? - I ignore the biggest bubbles in history, ma'am... SO, LIKE the Queen asked, why didn't anyone see it coming? "At every stage," replied Professor Luis Garicano, showing Her Majesty the LSE's new £71 million ($140m) faculty buildingin November 2008, "someone was relying on somebody else and everyone thought they were doing the right thing... Lire la suite

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