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“I'm more than worried,'' said Jarislowsky, who co-founded his firm in 1955 and oversees C$51 billion ($49 billion). “In a market like this, I'm not looking at opportunity. I am looking at preservation of capital. If governments aren't careful and this mess isn't solved fast, capitalism as we know will be wiped out.'' exaggerating there just a little bit? But the sentiment is quite clear and widespread.
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Nice poetry, and she looks cute ;-)
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"In a letter sent late yesterday to House Speaker Nancy Pelosi, 16 Democrats asked her to ensure any rescue legislation include a “transaction tax'' on all U.S. stock trades and on other types of trades, such as credit default swaps, options and futures." Stupidest idea I've ever heard. via Dave.
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My Circulon french skillet lost its non-stick after about 7 months despite careful use :-( I might try Calphalon next.
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Jarislowsky is one guy I wouldn’t want managing my money. People that pee their pants in crisis are not getting my money.
yo - you have a point, although Jarislowsky would probably not feel too much of a pinch if he has to make do with just his existing 49 billion ;-)