"Global capital markets pose the same kinds of problems that jet planes do. They are faster, more comfortable, and they get you where you are going better. But the crashes are much more spectacular"
- Lawrence Summers
About this Quote
This quote by Lawrence Summers is referring to the risks related to international capital markets. Much like jet aircrafts, global capital markets are quicker, more comfy, and more efficient than other forms of transport. However, the potential for crashes is much greater. The quote is a warning that while international capital markets can be useful, they likewise come with a higher risk of disastrous failure. The quote is a tip that while worldwide capital markets can be beneficial, they ought to be approached with care and appropriate threat management techniques need to be employed.
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