Cause and effect the riddle of all history is a particular devil in financial history and never more so than today where entire classes of security are collapsing not on public exchanges and stock-tickers but because there are no markets to establish prices this side of nothing.
We travellers are in very hard circumstances. If we say nothing but what has been said before us we are dull and have observed nothing. If we tell anything new we are laughed at as fabulous and romantic.
