Tuesday, September 13, 2011

Proof by self declaration

While it is rational for any given individual household or even any one bank to cut back on risk as a result of this legacy of bad debt, that means that a substantial (and sub-optimal) number of worthwhile real investment projects are going unfunded and thus are not undertaken.Adam Posen

In the age of the Internet, investors cannot locate investments?
The problem more likely occurred because investors discovered their past investments were no good.

No comments: