23 August 2013

You Can Quote Me

Today brings a couple of juicy observations, which have been added to the Sigs/Quotes larder.

From his column today (I continue to fault him for not discussing why people continue to plunge):

In short, the main lesson of this age of bubbles -- a lesson that India, Brazil, and others are learning once again -- is that when the financial industry is set loose to do its thing, it lurches from crisis to crisis.
-- Paul Krugman/2013

And this on the NASDAQ fart:

You have a very Rube Goldberg [computer trading] system. We've just put patches on it without attacking the basic problems.
-- Gene Noser, co-founder of the brokerage firm Abel/Noser/2013

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