Crisis of confidence Quotes

“The moment a large investor doesn't believe a government will pay back its debt when it says it will, a crisis of confidence could develop. Investors have scant patience for the years of good governance - politically fraught fiscal restructuring, austerity and debt rescheduling - it takes to defuse a sovereign-debt crisis.”

“Thirty years ago [written 2009], over-regulation, over-taxation, mis-regulation, statism, state corporatism, and economic folly, cosiness and regulatory capture, and a crescent ideological enemy without, who were assisted by enemies – both fifth columnists and useful fools – within, had led to a crisis of confidence in the West, and in all lands that – and amongst all peoples, particularly those who were oppressed in their own lands, who – loved and desired liberty. Of course, thirty years ago, Britain had Margaret Thatcher to turn to.”

“Things it helps me to rememberWhen in a bad mood, keep quiet or still.Baggy jumpers don’t suit you.When you’re tired you get doubtful.Difficulties come in spurts.Listen to the echo of your own voice. Avoid be strident.All aeroplanes go through clouds during their journeys. So do people during theirs.Often greater clarity comes out of confusion. You have to be puzzled before you find a solution.PMS often brings on a crisis of confidence.Ordinariness is restful.If someone is explosive in front of you, be silent. If you feel explosive, be silent.”