Saturday, October 25, 2008

After all everyone wants to become Out of the Bubble

I read many articles about the present world financial crisis but the one which economist and Nobel Laureate VERNON L. SMITH wrote in Wall Street journal is quite an interesting one he says that “The housing disaster-in-motion was widely reported, complete with warnings, before the crash. But every word fell on deaf ears, because bubbles are never about reason, cool calculation and courageous politicians willing to risk defeat”.

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