the lights in financial markets were flashing green, not red, until the very eve of destruction.
Niall Ferguson's "The Ascent of Money: A Financial History of the World" highlights a crucial moment in financial markets when indicators appeared overwhelmingly positive. The assertion that "the lights in financial markets were flashing green, not red," suggests a prevailing confidence and optimism among investors, signaling a period of growth and prosperity prior to a significant downfall.
This commentary reflects the ironic nature of financial systems, where exuberance can mask underlying vulnerabilities. It serves as a reminder of how easily confidence can be misplaced, leading to catastrophic events in the economy when the signals are misleading and the situation changes abruptly.
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All the things you can talk about in anyone's work are the things that are least important.
Race of Cain, ascend to heaven, And cast God down upon the earth!
