Profits In Business Always Depend

Up Until The Depression, Recession Had A Moral Character: It Was Supposed To Purge The Body Economic Of The Greed And Excess That Attends A Business Expansion.

Were There Peace And Justice In The Middle East, The Arabs Would No More Need Their Tinhorn Dictators Than They Would Their Corpulent Princes.

Of All The Failed Technologies That Litter The Onward March Of Science - Steam Carriages, Zeppelins, Armoured Trains - None Has Been So Catastrophic To Prosperity As The Last Century's Attempt To Generate Electricity From Nuclear Fission.

Bulls Don't Read. Bears Read Financial History. As Markets Fall To Bits, The Bears Dust Off The Dutch Tulip Mania Of 1637, The Banque Royale Of 1719-20, The Railway Speculation Of The 1840s, The Great Crash Of 1929.

In Rising Financial Markets, The World Is Forever New. The Bull Or Optimist Has No Eyes For Past Or Present, But Only For The Future, Where Streams Of Revenue Play In His Imagination.