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Please watch this video if you want to hear an honest and insightful assessment of where our economy is headed

June 8th, 2009 · No Comments

A decade ago while I was a college senior, I read Michael Lewis’s Liar’s Poker: Rising Through the Wreckage on Wall Street . It made me realize that I didn’t want to work in investment banking while many of my classmates were fighting for banking jobs. His next book, Moneyball: The Art of Winning an Unfair Game, was another gem.

Fareed Zakari of the CNN GPS program interviewed Michael Lewis yesterday. Here is a few quotes of Michael Lewis on our economy:

“I think that we are in for another day of reckoning down the road. I just don’t know when it is.”

“I think that they haven’t even properly evaluated the institutions. They haven’t been honest about what these institutions have on their books. They’ve had phony stress tests.”

“So, we’re in a kind of, I think, right now, in a period where there’s a false sense that it’s over, that the crisis is passed. I don’t think the crisis is passed.”

PLEASE watch this interview.

Tags: Beat Recession · News

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