Florian > Recent Status Updates

“I always struck out well beyond the reef, looking for clearer water away from the crowds and wanting to get some distance covered. I never did find really clear water. The abattoir outlet, Vavá explained.”

“In modern financial systems, it is not only banks that are subject to runs but also other types of financial institutions that have highly leveraged portfolios financed by short-term borrowing.”

“Financial repression can also be used as a tool to expand domestic debt markets. […] [C]itizens still put large sums in banks despite the artificially suppressed returns. In India, banks end up lending large amounts of their assets directly to the government, which thereby enjoys a far lower interest rate than it probably would in a liberalized capital market.”

“Bubbles are far more dangerous when they are fueled by debt”

“If there is one common theme to the vast range of crises we consider in this book, 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.”

“God Almighty does not know the proper price-earnings multiple for a common stock.”

1000.

900 done

800 Kanji: check

650 Kanji: done.

600 Kanjis: check

Part 2 done, whoop whoop!

I know the Kanji for gall bladder!