The problem with pumping in so much liquidity is that you encourage people to take too much risk and therefore, the risk of a market accident goes up. Last week, we came very, very close to a market
“The problem with pumping in so much liquidity is that you encourage people to take too much risk and therefore, the risk of a market accident goes up. Last week, we came very, very close to a market accident.”
Realist - Everybody in America is soft, and hates conflict. The cure for this, both in politics and social life, is the same -- hardihood. Give them raw truth.
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