The good old maxims of the Bible are applicable, and truly applicable to human affairs, and in this as in other things, we may say here that he who is not for us is against us; he would gathereth not with us scattereth.
We may be in a rapidly evolving international financial system with all the bells and whistles of the so-called new economy. But the old-economy rules of prudence are as formidable as ever. We violate them at our own peril.