Muhammad Sazzad

Add friend

Muhammad’s Bookshelves

to-read‎ (3)

currently-reading‎ (0)

read‎ (0)

did-not-finish‎ (0)

Stats | More…

Muhammad’s Quotes

“Had Volcker never pushed through his radical change in policy, the world would be many bond traders and one memoir the poorer.”
― Michael Lewis, Liar's Poker

tags: 1979, bonds, business-cycle, federal-reserve, interest-rates, money-supply, paul-volcker

2 likes

“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.”
― Michael Lewis, Liar's Poker

tags: 1979, bonds, business-cycle, federal-reserve, interest-rates, money-supply, paul-volcker, wall-street

2 likes