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.
