Tuesday, 13 November 2007

Blackstone boss talks of scary US loan crisis

Tony James, president of Blackstone, is scared. Real scared. He says the US mortgage crisis is deeper and scarier than anyone thought it would be.

Scary? I'll tell you want scary is, pal. I recently had a nightmare where I was being chased across a desolate landscape by massive, hairy demons with red eyes and fire coming out of their mouths. They couldn't catch me, but I was in constant fear. When I woke up, I immediately thought of the turmoil in the markets around the world and said to myself - don't make me laugh.

The point I'm making is - there are some seriously scary things in this world, the next world, and the dream world. So let's not lose our heads over money, eh?