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Until its repeal in the 1990s, Glass-Steagall put an end to many conflicts of interest that had plagued banking during the Roaring Twenties, and prevented government subsidies from flowing into speculative securities schemes, which made it harder for big crazy asset bubbles to accumulate.
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That's from a piece over at Foreign Policy by James Rosen and Luke A. Nichter, arguing that "looking crazy can be an asset when you're staring down the Russians," based on Nixon-era reminiscences that supposedly speak to the "strategic potential of madness".
Japan learned that lesson when its 1980s foreign investment surge culminated in crazy bids for trophy assets.
The idea of we've never been able to provably own unique digital assets is crazy to me," Dinch notes.
But because of choices I have made, wisely and idiotically, because I had principles or because I was crazy, I have no assets and no family.
Another asset of this crazy scheme is that listeners are involved in the DIY methods that we musicians have used for years.
"That's crazy because defense is my biggest asset," said Judah, who is a quick, aggressive fighter with punching power in both hands.
First, as net acquisition of financial assets keeps rising like crazy, how can you not like some of the brokerage firms?
Any more crazy than creating a huge bureaucracy of asset managers who will have to work to avoid conflicts, let alone actually execute on plan.
Gone would be the crazy high jumpers or 7-foot plus monsters, because height and flight would no longer be as important of an asset.
Antonio Fatas is annoyed at Gillian Tett, who talks to the I-see-bubbles crowd and assumes that they have The Truth — namely, that those crazy central banks are flooding the world with liquidity, driving asset prices to crazy levels, and it will all end in terrible grief.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com