Just Because We're Stupid Doesn't Mean Everybody

They'll [china] Probably Be A Fully Developed Nation. The Road There Just Is Not Going To Be That Easy. You're Going From A Macromanaged, Top-down Economy To A Market-managed, Micromanaged Type Of Economy, With All The Potential Corruption Issues, Soe [state-owned Enterprise] Reform, And Market Reform That Come With It.

Europe Is The Most Complicated Place, In My Opinion.

The Goal Of What Japan's Central Bank Is Doing Is To Create Growth. If It Actually Creates Growth, In The Long Run, It Will Lead To Appreciation.

Banks Also Have To Say No To Customers. We Can't Always Give Clients What They Want; It May Not Be In The Client's Best Interest.

Remember That Banks Aren't Markets. The Market Is Amoral. The Market Doesn't Care Who You Are. You're A Trade To The Market. The Market Will Sell You If They Think You're Riskier. Banks Didn't Do That