“Gordon Brown promised to abolish boom and bust. He has kept half his promise.” HalfPromiseBrownAbolish Author:William Hague
“The uncomfortable truth is that we all enjoyed the party far too much to query where all the booze was coming from. Now we seem intent on lynching the barman for letting us get drunk and attacking the Government for letting us get a hangover.” SeemsGovernmentPartyToo MuchTruth IsDrunkEnjoyedUncomfortableAttackingHangoverBoozeLynchingQueriesBarmen Author:Sean O'Grady
“My nightmare scenario is that the government saves Citibank once again, as well as the other banks, and business resumes as usual. Then, the next time the system breaks, it breaks much, much bigger.” WellsGovernmentNextBreakBiggerNightmareUsualNext TimeScenariosResumesCitibank Author:Nassim Nicholas Taleb
“An army of experts assured us on a daily basis that this boom couldn't possibly crash like previous booms because this boom was still going on whereas all previous booms had ended.” StillsBasesArmyExpertsCrashAssured Author:Mark Steel
“The government increasingly resembles somebody who is trying to give the kiss of life to a corpse.” GivingTryingGovernmentKissingCorpses Author:Vince Cable
“There's a rumour going around that states cannot go bankrupt. This rumour is not true.” StatesRumours Author:Angela Merkel
“That's our mirror. Every dip, every crash, every bubble that's burst, a testament to our brilliant stupidity. This one gave us the railroads. This one the Internet. This one the slave trade. And if we hope to do anything about saving the environment, or getting to other worlds, we'll need a bubble for that too. Everything I've ever done in my life worth anything has been done in a bubble: in a state of extreme hope and trust and stupidity.” IfsWorldNeedsHas BeensStatesDoneEnvironmentInternetMirrorsTradeSlaveExtremesStupidityBrilliantSavingBubblesCrashTestamentOther WorldsRailroadsDipSlave Trade Author:Lucy Prebble
“There's a strange thing goes on inside a bubble. It's hard to describe. People who are in it can't see outside of it, don't believe there is an outside.” PeopleBelieveHardStrangeGoes OnDon't BelieveBubblesStrange Things Book:Enron Source: Enron
“When depression economics prevails, the usual rules of economic policy no longer apply: virtue becomes vice, caution is risky and prudence is folly.” VirtueEconomicPolicyEconomicsVicesFollyUsualCautionPrudenceEconomic Policy Author:Paul Krugman
“We are in the midst of a once-in-a-century credit tsunami. Central banks and governments are being required to take unprecedented measures. Those of us who have looked to the self-interest of lending institutions to protect shareholders' equity are in a state of shocked disbelief.” SelfStatesGovernmentInterestCenturyProtectInstitutionsCreditMidstShockedEquitySelf InterestDisbeliefUnprecedentedLendingShareholdersCentral BanksTsunami Author:Alan Greenspan