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  • Charlie Gasparino: Another Crash 'Has to Happen Again' [View article]
    Dennis - - -

    Just allow one 2-cent worthless thought from me. You said "...The Second Great Depression is upon us" - - - Would that be more becoming instead to say "...A Multitude of Greater and Greater Depressions leading to the Greatest Depression is upon us"?

    TK


    On Nov 06 04:14 AM Denis Gould wrote:

    > It is amazing that this crisis has changed so little. Banks are set
    > to pay huge bonuses, cautious investors (like insurance companies)
    > continue to pile on ever more derivative exposure, and people still
    > treat markets like casinos rather than venues for investment. Capital
    > markets are there to facilitate the efficient allocation of capital
    > but that is now so far removed from what they actually do that nobody
    > is really aware of it. Only when these things change will we have
    > reached the end point, and it looks like the crisis necessary to
    > take us there needs to be magnitudes larger tthan the one we have
    > just experienced. The second Great Depression is upon us.
    Nov 06 22:08 pm |Rating: +1 0
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