Merkel And Papandreou Are Not Going To Survive

I don't think Merkel is going to survive in Germany and I don't think Papandreou is going to survive in Greece - they have so alienated their populations. - in Reuters

The Credit Bubble: One Giant Temptation That Was Laid Before The Developed World

You can think about the credit bubble as one giant temptation that was laid before the developed world. Anybody who wanted to borrow basically could, in virtually unlimited sums. And given that temptation, different countries wanted to do different things with the money. - in NPR Books

Optimism Pays Off

Idiotic as optimism can sometimes seem, it has a weird habit of paying off. - in Boomerang, Travels In The New Third World

Video: The Big Interview

Michael Lewis on The Big Interview, WSJ.

Video Interview: Michael Lewis Talks About Occupy On Hardball

Michael Lewis talks about Occupy on Hardball and its latest book, Boomerang: Travels in the New Third World

Greece Is Defaulting, The Only Question Is How

Greece is defaulting, right? They are restructuring. Whatever you want to call it, Greece is defaulting. The only question is how. - in Reuters

It’s Impossible To Predict What The Markets Are Going To Do

It’s impossible to predict what the markets are going to do, but if you’re asking me what smart people are doing, they have been for some time in metals, very risk-averse, out of debt entirely.

They make a persuasive case that we’re living in very perilous times. - in Bloomberg.com, October 5th

Investing In High Dividend Paying Battleship Companies That Can Withstand Recession

I’m always cautious, so I’m not a barometer of the times. I always have about 40-50 percent in the stock market, and it’s all in large-cap, high-dividend-paying battleship companies that can withstand recession. - in Bloomberg.com, October 5th