If Every Rich Person Gave

Every Bubble Has Two Components: Something - Some Real Trend, And A Misconception About That Trend.

The More Comprehensive And Convincing A Debt Reduction Program Is, The Less Likely It Is To Fail. And Remember, Just As Germany Is Grateful To America For The Marshall Plan, Italy Would Be Grateful To Germany For Helping It Lower Its Refinancing Costs.

There Is No Question That A Breakup Of The Euro Would Be Very Damaging, Very Costly, Both Financially And Politically. And The Biggest Loss Would Be Incurred By Germany. Germans Have To Bear In Mind That, Effectively, They Have Suffered Practically No Losses So Far. Transfers Have All Been In The Form Of Loans, And It Is Only When The Loans Are Not Repaid That Real Losses Will Be Incurred.

Esperanto Was A Very Useful Language, Because Wherever You Went, You Found Someone To Speak With.

Market Prices Are Always Wrong In The Sense That They Present A Biased View Of The Future.