26 books
—
2 voters
1979
“
Before Volcker’s speech, bonds had been conservative investments, into which investors put their savings when they didn’t fancy a gamble in the stock market. After Volcker’s speech, bonds became objects of speculation, a means of creating wealth rather than merely storing it.
”
― Liar's Poker
― Liar's Poker
“
Had Volcker never pushed through his radical change in policy, the world would be many bond traders and one memoir the poorer.
”
― Liar's Poker
― Liar's Poker
