I Am Not Going To Say I

In The History Of Modern Capitalism, Crises Are The Norm, Not The Exception.

I'm Not A Pessimist By Nature. I'm Not Someone Who Sees Things In A Bleak Way.

The Global Financial Crisis - Missed By Most Analysts - Shows That Most Forecasters Are Poor At Pricing In Economic/financial Risks, Let Alone Geopolitical Ones.

I Believe In Market Economics. But To Paraphrase Churchill - Who Said This About Democracy And Political Regimes - A Market Economy Might Be The Worst Economic Regime Available, Apart From The Alternatives. I Believe That People React To Incentives, That Incentives Matter, And That Prices Reflect The Way Things Should Be Allocated. But I Also Believe That Market Economies Sometimes Have Market Failures, And When These Occur, There's A Role For Prudential - Not Excessive - Regulation Of The Financial System.

If You Worry About Financial Armageddon, It Is Indeed Metaphorically The Time To Stock Your Bunker With Guns, Ammunition, Canned Food And Gold Bars.