The Tiger Rides Are Coming:"The financial crisis is 'attributable to inappropriate macroeconomic policies of some economies and their unsustainable model of development characterized by prolonged low savings and high consumption; excessive expansion of financial institutions in blind pursuit of profit." - China's Premier Wen Jiabao.
"The entire economic growth system, where one regional center prints money without respite and consumes material wealth, while another regional centre manufactures inexpensive goods … has suffered a major setback." - Russia's Prime Minister Vladimir Putin.
Rupert Murdock - "World financial markets are in a great state of disarray": "'It doesn’t really matter where you’re talking about in the world,” Murdoch said. “There’s no hiding place.'"
This bell tolls for you: "There's a sense among many, certainly here in New York, that we somehow had it too good too long, a feeling part Puritan, part mystic and obscurely guilty, that some bill is coming due." - Peggy Noonan
It's all around us, like particles in the air; everyone feels it, and feels it gathering into something else - something to dread, some first act of a most frightfull drama that will engulf the world.
Friday, January 30, 2009
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