“Failed states create conditions of unimaginable business opportunities.”
Ok, so given that this is almost certainly going to be back on everyone’s radar next week (although again, it never left the radar, it just got lost in the FANG headlines), this is probably a good time to take a look at some updated scenarios.
“The single most important price in all of capitalism is the interest rate—-and at all points on the maturity curve. And the single most important truth about honestÂ interest ratesÂ is that they must beÂ discoveredÂ by markets, notÂ imposedÂ by the state.”
“We have reached the point of self-intoxication when inner contradictions of the system, which previously could be temporarily ignored, are taking over. The system has exhausted itself â€“ it has collapsed under its own weight.”