True Moz, quite crazy. fyi, and that of any others who are...

True Moz, quite crazy. fyi, and that of any others who are interested in the comments of a merchant banker friend of mine who got out of Wall St a few years ago with a bag of cash and started his own venture capital company. His thoughts on the global financial crisis when I last heard from him on 17 September:

"....it is the end of the 30 yr expansion of global expansion built on massive credit expansion – the world financial markets and frankly the world is in totally unchartered territory and anyone who tells you they know how it is going to play out is fundamentally in denial and is clinging to misguided beliefs about this crisis being similar to previous ones. I think it is probably worse as a starting position than the events that led to the great depression – the regulators are just pulling out all stops to avoid repeat of a global depression."