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HomeLessons of Financial Amnesia
Posted by Larry Doyle on December 28th, 2011 11:26 AM |
We often hear that those who do not learn from history are doomed to repeat it. Does anybody in the audience contest those words of wisdom?
Why do you think I hear from many former colleagues and other Wall Street insiders that we are very likely going to experience another economic crisis—or perhaps merely a prolonging of our current crisis—and accompanying significant market decline?
My ‘sense on cents’ indicates to me that we will have more economic and market turmoil for the very simple reason that our financial titans, our political leaders, and our nation as a whole have not embraced nor learned from the lessons of the past. (more…)
