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Meaning
The quote says fraudulent schemes on Wall Street often prosper when the economy is strong, but they collapse once conditions worsen. It suggests that easy money and optimism can hide problems that become obvious during harder times.
When It Was Said
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Who It Was Said To
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Historical Context
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Source
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Original Language & Translation
Originally said in English.
Did They Really Say It?
No source found on Wikiquote; the quote is listed as attributed to James Surowiecki.
Did You Know?
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About James Surowiecki
American journalist
James Michael Surowiecki is an American journalist known for his writing on business and finance. He was a staff writer at The New Yorker. At The New Yorker, he wrote a regular column called "The Financial Page," which focused on business and finance. His work is associated with clear, public-facing commentary on economic topics.
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