Carmen Reinhart famous quotes

Last updated: Sep 5, 2024

The biggest threat to advanced economies is that debt will accumulate until the overhang weighs on growth.
-- Carmen Reinhart

#Growth #Investing #Debt
If there is one common theme to the vast range of crises...it is that excessive debt accumulation, whether it be by the government, banks, corporations, or consumers, often poses greater systemic risks than it seems during a boom.
-- Carmen Reinhart

#Government #Risk #Debt
The essence of the this-time-is-different syndrome is...rooted in the firmly held belief that financial crises are things that happen to other people in other countries at other times; crises do not happen to us, here and now. We are doing things better, we are smarter, we have learned from past mistakes. The old rules of valuation no longer apply. Unfortunately, a highly leveraged economy can unwittingly be sitting with its back at the edge of a financial cliff for many years before chance and circumstance provoke a crisis of confidence that pushes it off.
-- Carmen Reinhart

#Country #Mistake #Past
Perhaps more than anything else, failure to recognize the precariousness and fickleness of confidence - especially in cases in which large short-term debts need to be rolled over continuously - is the key factor that gives rise to the this-time-is-different syndrome. Highly indebted governments, banks, or corporations can seem to be merrily rolling along for an extended period, when bang! - confidence collapses, lenders disappear, and a crisis hits.
-- Carmen Reinhart

#Keys #Government #Giving

Joy and growth come from following our deepest impulses, however foolish they may seem to some, or dangerous, and even though the apparent outcome may be defeat.
One-time revenue spikes that aren't repeatable won't help you achieve consistent year-after-year growth.
Re-investing in one's own little moments of insight is very important
The best approach here if at all possible is to use supervisory and regulatory methods to restrain undue risk-taking and to make sure the system is resilient in case an asset price bubble bursts in the future.
I personally do not owe the debt that was owed by the campaign.
Debt, n. An ingenious substitute for the chain and whip of the slavedriver.
I say to you never involve yourself in debt, and become no man's surety.
Of all life's pleasures, only love owes no debt to death.
Poe wrote like a drunkard and a man who is not accustomed to pay his debts.
Refinancing doesn't reduce your debt, it just restructures it, so be clear about what you want to achieve with a refi.

Carmen Reinhart famous quotes

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