credit markets

Ecclesiasticus 8:12

Ecclesiasticus by Gustave Doré; 1866 “Lend not unto him that is mightier than thyself; for if thou lendest him, count it but lost.” We saw a comment about this Bible quote on Dealbreaker: “UBS cites a well-documented case from 377 BC to 373 BC to illustrate how the ancient Greeks learned that sovereign defaults occur …

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Human Nature, Liar Loans And Defaults

Pinocchio by Enrico Mazzanti (1883) As mentioned in our previous blog, there is an article in today’s New York Times Magazine titled My Personal Credit Crisis, summarized here, which relates to the topics discussed previously.  The subtext of the article touches upon universal themes of human nature, on a personal basis and within a corporate …

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