Former Wall Street Economist On Bitcoin: ‘I Would Rather Purchase Tulips’

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Title : Former Wall Street Economist On Bitcoin: ‘I Would Rather Purchase Tulips’
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Former Wall Street Economist On Bitcoin: ‘I Would Rather Purchase Tulips’


Former Wall Street economist Henry Kaufman (RW note: Back inwards the day, he really could deed bond markets) spoke earlier an audience of virtually 200 during an appearance at The Society of the Four Arts on Mon inwards Palm Beach.

He told the grouping that he would rather purchase tulips than bitcoin. The tulip advert is, of course, a sly reference to the tulip bulb speculative bubble that swept the Netherlands inwards the 1630s.

Kaufman, 90, straight off lives inwards Palm Beach.

After the discussion, Kaufman signed copies of his latest book, Tectonic Shifts inwards Financial Markets.

From the blurb:
In this wide-ranging book, Wall Street legend Henry Kaufman recounts the events surrounding the catastrophic collapse of Lehman Brothers from his as well as hence advantage betoken on the board.  He explains how, ironically, the Federal Reserve’s shortcomings contributed to its growing power. And he argues that Dodd-Frank – past times sanctioning rather than real addressing the too‐big‐to‐fail dilemma – squandered a rare chance for essential reform.

Whether sparring inwards impress amongst Citicorp’s mercurial Walter Wriston, consulting amongst British Prime Minister Margaret Thatcher, spurning a bargain amongst junk bond Rex Michael Milken, or reflecting on his long-time friend Paul Volcker, Kaufman brings readers within post-war Wall Street. Looking ahead, he dissects major national as well as global trends as well as the probable hereafter of credit markets, fiscal institutions, as well as leading economies.

As nosotros search for bearings inwards the wake of the 2008 fiscal debacle, Henry Kaufman offers sage as well as penetrating analysis of today’s superheated as well as – he argues – still‐fragile fiscal world.



  -RW


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