it will never be outmoded as long as the systole and diastole of human life survives, and men fluctuate between progress and reaction, growth and decline, hope and illusion.
When asked what the stock market will do: It will fluctuatej. p. morgan
Financial markets are supposed to swing like a pendulum: They may fluctuate wildly in response to exogenous shocks, but eventually they are supposed to come to rest at an equilibrium point and that point is supposed to be the same irrespective of the interim fluctuations. Instead, as I told Congress, financial markets behaved more like a wrecking ball, swinging from country to country and knocking over the weaker ones.It is difficult to escape the conclusion that the international financial system itself constituted the main ingredient in the meltdown process.george soros