Paul Kedrosky: Best Subprime Quote du Jour
Best Subprime Quote du Jour
Best subprime quote of the day goes to John Mauldin. He is paraphrasing Jim Grant, and Grant has been saying this for some time, but it still counts:
"The subprime problem, we were told, would not spread to other markets. It would be "contained." And it has, according to Jim Grant. He quipped last week that it has been contained on planet Earth."