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    Quote of the Day

    "You should be more conscious when you are sleeping"

    -Isabella Hatkoff  (June 2010) on the breaking a pinky promise by her dad who was a sleeping

     

    "You can't solve a problem with the same kind of thinking that created it."
    -Albert Einstein (1879 - 1955)

    "Give a dog a fish, feed him for a day.  Teach a dog to fish, feed him for a lifetime."

    - Walter the Farting Dog

    "Wouldn't it make more sense to read the legislation before approve you it? It's like asking the architect to design the house after it is already built."

    -Paris Hilton

     



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    « Swan Flu: Is Obama's Cool Contagious? | Main | "The Domino Effect": An All-too-graphic Yet Resonant Metaphor for the Financial Crisis »
    Monday
    May112009

    And the Prize for "Best Quote for the Financial Crisis" Goes to...

    DateMonday, May 11, 2009 at 11:26PM

    Try to Top This One!

     

    "Never in the history of the world has there been a situation so bad that even the government can't make it worse."

    -Unknown

     

     

    This unattributed quote is so profound that my money is on Alfred E. Newman, who now runs a small hedge fund based in Santa Monica.  Though his timing was a bit early Newman accurately  predicted the crash of the sub-prime market in 1964 nearly 30 years before there were any subprime loans.  Our hero, Nouriel Roubini, frequently credits Newman for this insight. 

     

     

    If Newman isn't the source then surely it must be none other than Albert Einstein who secretly aspired to be a broker at Merrill Lynch.


    http://www.deism.com/images/einfun.jpg

     


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