In every situation you get a chance to learn new things. We can learn from history as well as from the ongoing events.
I spent my entire academic career studying the Great Depression. The depression may have started because of a stock market crash, but what hit the general economy was a disruption of credit.
People get influenced so easily to take decisions. Sometime they don’t analyze things. Later they have to blame themselves.
You know, people act like we’re crack dealers. Nobody put a gun to anybody’s head and said, “Hey, nimrod, buy a house you can’t afford, and you know what? While you’re at it, put a line of credit on that baby and buy yourself a boat.”
Sometime you get into a situation when you don’t know what you are going to do next. Sometime we do things without much idea about planning.
I hate to do this right now, but I’m going to have to have a press call first thing, and I don’t know what I’m going to tell them.
It’s not easy to control the market the way you want. Things go beyond control because of many unexpected reasons.
The lenders had already given loans to borrowers with good credit, so they go bottom feeding, they lower their criteria.
Any kind of financial burden is not so easy to handle. Always prepare for the worst.
I don’t really understand why there needs to be so much tension about this. The country is facing the worst economy since the Great Depression. If the financial system collapses, it will take every one of you down.