“This is a conference which brings people together to examine the problems of the world. I think there are a lot of problems in the world and it really is good that leaders come together and think about them.”
“Transferring the risk of drought to international financiers makes sense for insurance companies, because it enables them to expand their portfolios.”
“[Meanwhile, the financial froth of speculative bubbles--and their dangers--are another enduring legacy of the Greenspan era.] Irrational exuberance really is still with us, ... risk that in 2010 or even 2015, the stock market will be lower still in real, inflation-corrected terms, than it was in 2005.”
“Little will be done to stop these things if public figures consider themselves beholden to some overarching efficient markets principle and do not even recognize over-speculation as a real phenomenon.”
