“In financial crises, your actual capital adequacy and liquidity does not matter. Both Lehman Brothers and Bear Stearns — and Lehman particularly — were felt to be adequately capitalized only days before their fall. But once people thought that the end was near, the trading stopped, liquidity dried up, and the capital fled.” – Steven M. Davidoff
Jim’s Quote of the Day:
- Ad Seed for SecurityOur Colossal Survival Pack is now on sale for 25% off. This pack contains over 5 pounds of non-GMO, open-pollinated seeds packed for long term storage.
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