Friday, October 21, 2011

It’s Impossible To Predict What The Markets Are Going To Do - Michael Lewis

It’s impossible to predict what the markets are going to do, but if you’re asking me what smart people are doing, they have been for some time in metals, very risk-averse, out of debt entirely.

They make a persuasive case that we’re living in very perilous times. - 
in, October 5th

OWS: I'm Just Surprised It Has Taken This Long

I felt the same outrage for three years working on The Big Short. Although I had this Wall Street background, I hadn't paid very much attention to the financial world. Until I started digging around and asking questions, I couldn't believe how bad it had gotten. When I published The Big Short, I sensed a level of outrage in this country that I had never felt before. I'm surprised it has taken this long for the political energy to develop, because it's so obviously outrageous what is happening. There are people at the top of the financial sector who think that the financial sector is out of control. The Chairman of the Federal Reserve has said he is sympathetic to the protesters. - in GQ Magazine

Michael Lewis Blog 

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