“‘Challenging’ hides a lot of sins”
Thursday, April 23rd, 2009Killer quote from the Financial Times‘ veteran financial reporter Richard Waters, at yesterday’s (4/22/09) Financial Services Marketing breakfast, sponsored by the FT. (Great event by the way.)
“People say we are in challenging times now. And I think it’s obvious that ‘challenging’ hides a lot of sins.”
Challenging, and sinful, times indeed. What’s been most disgusting about this global downturn is that it’s turned our world upside down. Entities and enterprises that seemed beyond reproach and the envy of the world are now disgraced by their own failure and corruption. And the catechism of our markets has been proved a lie.
Next post: Six nuggets of received wisdom that have been proved false.