A Quote by Charles P. Kindleberger
The period of financial distress is a gradual decline after the peak of a speculative bubble that precedes the final and massive panic and crash, driven by the insiders having exited but the sucker outsiders hanging on hoping for a revivial, but finally giving up in the final collapse.
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A major boom in real stock prices in the US after Black Tuesday brought them halfway back to 1929 levels by 1930. This was followed by a second crash, another boom from 1932 to 1937, and a third crash. Speculative bubbles do not end like a short story, novel, or play. There is no final denouement that brings all the strands of a narrative into an impressive final conclusion. In the real world, we never know when the story is over.
The last player to score a hatrick in a cup final was Stan Mortenson. He even had a final named after him, the Matthews final
The FA Cup final is such a fantastic final to play in. I played in the 1999 one at Wembley, and after having watched so many finals as a kid, to be able to make that long walk up from the dressing room to the pitch was fantastic.
To be honest, I was never expecting to be in a World Cup final, a Euro final, a Champions League final, a Europa League final. I've done much more than I dreamt, and that's incredible.
My final remark to young women and men going into experimental science is that they should pay little attention to the speculative physics ideas of my generation. After all, if my generation has any really good speculative ideas, we will be carrying these ideas out ourselves.
It's like simulating earthquakes: we can over and over study a bubble, crash, bubble, crash. Then we can see mathematically if there's some regular pattern and what's going on in people's brains when prices are going up and before the crash is happening.
I'll give you my answer calmly and sensibly, my final answer. My final answer is finally no. The answer is no! Absolutely and finally no! Finally and positively no! No! No! No! N - O!
I've always believed that a speculative bubble need not lead to a recession, as long as interest rates are cut quickly enough to stimulate alternative investments. But I had to face the fact that speculative bubbles usually are followed by recessions. My excuse has been that this was because the policy makers moved too slowly - that central banks were typically too slow to cut interest rates in the face of a burst bubble, giving the downturn time to build up a lot of momentum.
The Church must stop expecting outsiders to act like insiders while insiders act like outsiders.
There is no means of avoiding the final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as the result of voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system involved.
If all men are created equal, that is final. If they are endowed with inalienable rights, that is final. If governments derive their just powers from the consent of the governed, that is final. No advance, no progress can be made beyond these propositions.
THE CORRECTION, when it finally came, was not an overnight bursting of a bubble but a much more gentle letdown, a year-long leakage of value from key financial markets, a contraction too gradual to generate headlines and too predictable to seriously hurt anybody but fools and the working poor.
Name me the final number, the highest, the greatest. But that's absurd! If the number of numbers is infinite, how can there be a final number? Then how can you speak of a final revolution? There is no final one. Revolutions are infinite.
The collapse of the housing bubble sent the world spiraling into recession. The collapse of the energy and commodity bubble threatens to be just as damaging.
You have to say that we are again in a massive financial bubble in bonds, in equities, in [other] asset prices that have gone up dramatically.
I think it's more than whether or not you win or lose. It's having that opportunity on that final round, final nine, to come down the stretch with a chance to win.
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