Viewed from a distance, or through the eye of the All-Knowing CEO of the Universe, the crash of 2008 followed the usual pattern. A long-lived boom driven by cheap credit, going back as far as 1982 (though subject to interruptions in the mid-1980s and 1990s, and in 2001), came to grief because of a rise in the cost of borrowing money.
James BuchanRelated topics
boom borrowing came cheap cost crash credit distance drive eye far grief money pattern rise subject universe usual 1990s ceoRelated quotes
Never seek to tell thy love Love that never told can be For the gentle wind does move Silently, invisibly. I told my love, I told my love, I told her all my heart Trembling, cold, in ghastly fears Ah, she doth depart. Soon as she was gone from me A traveler came by Silently, invisibly He took her with a sigh.
William Blake
In old days there were angels who came and took men by the hand and led them away from the city of destruction. We see no white-winged angels now. But yet men are led away from threatening destruction a hand is put into theirs, which leads them forth gently towards a calm and bright land, so that they look no more backward and the hand may be a little child's.
George Eliot
Commerce is so far from being beneficial to arts, or to empire, that it is destructive of both, as all their history shows, for the above reason of individual merit being its great hatred. Empires flourish till they become commercial, and then they are scattered abroad to the four winds.
William Blake
Far from being the smartest possible biological species, we are probably better thought of as the stupidest possible biological species capable of starting a technological civilization - a niche we filled because we got there first, not because we are in any sense optimally adapted to it.
Nick Bostrom
Every day you may make progress. Every step may be fruitful. Yet there will stretch out before you an ever-lengthening, ever-ascending, ever-improving path. You know you will never get to the end of the journey. But this, so far from discouraging, only adds to the joy and glory of the climb.
Winston Churchill
