“When the music stops, in terms of liquidity, things will be complicated. But as long as the music is playing, you’ve got to get up and dance. We’re still dancing.”
- Citigroup CEO Chuck Prince, July 9, 2007
Several months later the liquidity "music" ends, Bear Stearns fails, Lehman bankruptcy follows and entire financial system nearly collapses.
...Depressingly, our instinct is that those new forecasts are more likely too conservative than too aggressive. Longer-term, sweet dreams really aren't made of this."
- Citigroup Strategist Hans Lorenzen, February 20, 2015
Sunday, February 22, 2015
'Citi Warns Of "Dancing", "Music" And "Complicated Things" For The Second Time'
From ZeroHedge:
