Top 62 Lax Quotes & Sayings - Page 2

How many young girls there are who do not see any wrongdoing in following certain shameless styles like so many sheep. They certainly would blush if they could guess the impression they make and the feelings they evoke in those who see them. Do they not see the harm resulting from excess in certain gymnastic exercises and sports not suitable for virtuous girls? What sins are committed or provoked by conversations which are too free, by immodest shows, by dangerous reading. How lax have consciences become, how pagan morals!

When excesses such as lax lending standards become widespread and persist for some time, people are lulled into a false sense of security, creating an even more dangerous situation. In some cases, excesses migrate beyond regional or national borders, raising the ante for investors and governments. These excesses will eventually end, triggering a crisis at least in proportion to the degree of the excesses. Correlations between asset classes may be surprisingly high when leverage rapidly unwinds.