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“The Citigroup chief executive told the Financial Times that the party would end at some point but there was so much liquidity it would not be disrupted by the turmoil in the US subprime mortgage market.
He denied that Citigroup, one of the biggest providers of finance to private equity deals, was pulling back.
“When the music stops, in terms of liquidity, things will be complicated. But as long as the music is playing, you’ve got to get up and dance, We’re still dancing” he said in an interview with the FT in Japan“ – Time July 10, 2007
“Mario Gabelli says that he doesn’t expect the U.S. economy to enter a recession again, but “the data says that if it does happen, it will be shallow one.” “The fundamentals of keeping the economy in reasonably good shape are there, so the rest of it comes down to psychology,” said Gabelli, the founder of the Gabelli Funds.“ – Marketwatch
Just as the wave cannot exist for itself, but is ever a part of the heaving surface of the ocean, so must I never live my life for itself, but always in the experience which is going on around me.
– Albert Schweitzer