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The very nature of finance is that it cannot be profitable unless it is significantly leveraged… and as long as there is debt, there can be failure and contagion.

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Failure Finance Leverage Nature Significantly Unless Very

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Marilyn Monroe Paulo Coelho Abraham Lincoln C. S. Lewis Khalil Gibran Charlie Chaplin Gautama Buddha Isaac Newton

If I say something which you understand fully in this regard, I probably made a mistake.
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Made Mistake Probably Regard Something Understand
The number of mistakes I have made are just awesome. There is no number large enough to account for that.
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Account Awesome Enough Large Made Mistake Number
We as central bankers need not be concerned if a collapsing financial asset bubble does not threaten to impair the real economy, its production, jobs and price stability.
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Asset Banker Bubble Central Collapse Concern Do Economy Financial Threaten
The need for values is inbred. Their content is not.
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Content Inbred Need Value
Enhances a person’s ability to handle the more ambiguous and qualitative relationships that dominate our day-to-day financial decision-making
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Ability Ambiguous Decision Dominate Enhance Financial Making Person Quantitative Relationship
Crony capitalism is essentially a condition in which… public officials are giving favours to people in the private sector in payment of political favours.
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Capitalism Condition Crony Essentially Favour Private Public
If we are to remain preeminent in transforming knowledge into economic value, America’s system of higher education must remain the world’s leader in generating scientific and technological breakthrough, and in meeting the challenge to educate workers.
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Economic Knowledge Preeminent Remain Transform Value
Now, I only play very occasionally, and in fact, more piano than clarinet or sax.
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Clarinet Fact More Occasionally Pay Piano Sax
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Ability Correct Economy Flexible Greater Inevitable More Response Self Unanticipated
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Destruction Mass Over Publicize Weapon Whatever
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Hesitate Issue Other Some Table Throw
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Deny Monoply Nature Need Readily Resolve Terrible Thing
Without calling the overall national issue a bubble, it’s pretty clear that it’s an unsustainable underlying pattern.
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Buddle Call Clear Issue National Overall Pattern Pretty Unsustainable Without

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