"Successful investing is going against the momentum and against the things that seem most logical in the present space."

Monday, May 25, 2009

The Crisis and How to Deal with It

Bill Bradley, Niall Ferguson, Paul Krugman, Nouriel Roubini, George Soros and Robin Wells offer their insights on the economic crisis. What I took from this are 2 things:

1. The "medicine" administered by governments and central banks, while necessary, is likely to make us very sick.

2. Nouriel Roubini seems to be the only one offering a clearer solution (nationalization of insolvent banks) but one which is not likely to be implemented.