Cityphilia
John Lanchester: The credit crunch, 3 January 2008
“... everyday life for everybody else. This can come as a shock to even the best-informed citizens. James Carville, the Svengali behind Clinton’s election win in 1992, was so amazed by the power of freely moving capital, viewed at close range, he said that if reincarnation were real, he would like to be born again as the international bond markets. But the ... ”