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Politics : The Castle -- Ignore unavailable to you. Want to Upgrade?


To: The Philosopher who wrote (3028)3/9/2004 1:42:44 PM
From: tejek  Read Replies (1) | Respond to of 7936
 
Market crashes are caused by one and only one thing.

The intersection of stupidity and greed.

Was true of the tulip bulb crash. Was true of the 1929 crash. Was true of the tech bubble crash. Will keep being true as long as people remain both stupid and greedy.


And that's what gov'ts are for........to minimize the fall out when stupidity and greed intersect.