The world is in a crisis detonated by investments in safe assets, mortgages and houses; in a safe country, the USA; and in safe instruments, rated AAA… and still the experts, Nobel Prize winners included, have the galls to call it excessive risk-taking, and not the excessive misguided risk-aversion it really is. Given that risk is the oxygen of any development... God save developing countries from these developing experts!
Tuesday, July 21, 2009
Something´s terribly wrong
When parents seem to give more importance to their children´s credit score than their school grades, like setting them up to the fact that they will have to work their whole life in just to pay interests, something's terribly wrong