Credit is money of the mind.

[T]he first bad bank loan was no doubt made around the time of the opening of the first bank.

The 1980s are to debt what the 1960s were to sex. The 1960s left a hangover. So will the 1980s.

Every debt is ultimately paid, if not by the debtor, then eventually by the creditor.

In almost every walk of life, people buy more at lower prices; in the stock market they seem to buy more at higher prices.

The Fed can change how things look, not how things are

It's about bums on seats. If nobody wants to listen to what you are doing, it kind of defeats the purpose really, doesn't it?