Appetite
He ate, and ate, and ate, until he was hungry.
He ate, and ate, and ate, until he was hungry.
The following Op-Ed appeared in the Toronto-based Digital Journal.
If you think real estate is coming back, I’ve got ocean view property at the tip of Florida I’d love to sell you. Bank assumptions that values will somehow miraculously return, are misguided and self-serving.
The root cause that dwarfs everything, is something called derivatives. They’re bastard investments gone berserk.. Warren Buffet called them Financial Weapons of Mass Destruction. There are $600,000,000,000,000 worth floating around in the world.
Guan Jianzhong would probably have us bend over on his lap for a couple of bare-butt swats, or perhaps have us stand in front of a chalk board and write, “corporate greed is bad” 1,000 times and then stand in the corner and repeat, “we promise to never spend more than we have in our checkbook and if we do, we’ll live with the consequences and not just print more money”.