"In assessing the situation, don't let anyone convince you that we've entered a "new era." The details may be different, but we've been here before."
Federal Reserve Bank President Richard Fisher on the credit crunch and housing bubble
I am not sure if this guy knows what he is talking about. The credit default swap market increased from $700 billion in 2000 to $45.5 trillion in 2007. When have we been "here" before?
Wednesday, April 9, 2008
Quote of the day
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment