London links, September 9

September 9, 2009

Alan Greenspan: “Financial crises are all different, but they have one fundamental source. That is the unquenchable capability of human beings when confronted with long periods of prosperity to presume that it will continue.” – BBC

The lessons of Lehman’s collapse still have not been learned – WSJ, Bloomberg

Mohamed El-Erian, Lloyd Blankfein, Ken Gfiffin, and others remember the crash – Fortune

Tom Stevenson: “Gold is one of the principal real assets that investors will turn to in order to protect themselves from an inflationary environment. And the companies that mine the metal are one of the best ways to play a rising price because their profits are so geared to it.” – Telegraph

Matthew Lynn: “There are good reasons to expect a second dip in the [UK housing] market later this year or early in 2010.” – Bloomberg

Former Dresdner Kleinwort bankers sue Commerzbank for $49 million of unpaid bonuses – Bloomberg

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Greenspan seems to forget about the +-6 billion not-so-fortunates that have and will always live in poverty. Rich.

This ‘gold’ thing: what to I do as small investor – walk up to a jeweler, coin shop, family treasures, melt the whole lot, take out an AIG policy, buy a boat and stick the whole lot in the keel and hope it stays even ?

Posted by Casper | Report as abusive