--- title: "Meaning & Key Takeaway of: Usually an upbeat affair, the BCA…" description: "\"“Usually an upbeat affair, the BCA conference in 2006 proved disturbing. Harvard professor Niall Ferguson asked a strange question: Why hadn’t the rece..." image: "https://sms4smile.com/quotes/i/c5e/danielle-dimartino-booth-24430_central-bank_usually-an-upbeat-affair-the-bca-confere_1483382.jpg" --- # Usually an upbeat affair, the BCA conference in 2006… ![“Usually an upbeat affair, the BCA conference in 2006 proved disturbing. Harvard professor Niall Ferguson asked a strange question: Why hadn’t the recent assassination of a Russian central banker, a Thai coup d’état, and a North Korean nuclear bomb test triggered a stock market rout?” quote by Danielle DiMartino Booth](https://sms4smile.com/quotes/i/c5e/danielle-dimartino-booth-24430_central-bank_usually-an-upbeat-affair-the-bca-confere_1483382.jpg) [Download](https://sms4smile.com/quotes/i/c5e/danielle-dimartino-booth-24430_central-bank_usually-an-upbeat-affair-the-bca-confere_1483382.jpg) [Open image](https://sms4smile.com/quotes/i/c5e/danielle-dimartino-booth-24430_central-bank_usually-an-upbeat-affair-the-bca-confere_1483382.jpg) > ““Usually an upbeat affair, the BCA conference in 2006 proved disturbing. Harvard professor Niall Ferguson asked a strange question: Why hadn’t the recent assassination of a Russian central banker, a Thai coup d’état, and a North Korean nuclear bomb test triggered a stock market rout?”” [Danielle DiMartino Booth](https://sms4smile.com/quotes/author/danielle-dimartino-booth/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. The speaker questions why major geopolitical crises failed to trigger expected market panic, highlighting market complexity. **In simple terms:** Crises don’t always cause market panic. Key Takeaway Investigate hidden factors in market reactions. Themes economics geopolitics market behavior risk analysis Mood analytical inquisitive Type financial political When to use this quote - investment meetings - academic seminars - policy reviews Key Concepts systemic risk behavioral finance global events Questions to Reflect On - Why do markets ignore some shocks? - What hidden variables matter? A Different Perspective Markets may react later or in unexpected ways. ★ ★ ★ ★ ★ No ratings yet [Assassination](https://sms4smile.com/quotes/about/assassination/) [Central bank](https://sms4smile.com/quotes/about/central-bank/) [Customer](https://sms4smile.com/quotes/about/customer/) [Investing](https://sms4smile.com/quotes/about/investing/) [North korean](https://sms4smile.com/quotes/about/north-korean/) [Nuclear bomb](https://sms4smile.com/quotes/about/nuclear-bomb/) [Stock market](https://sms4smile.com/quotes/about/stock-market/) ## Related quotes > [The Republicans finally got some good news over the weekend. 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Nuclear bombs threaten humankind.](https://sms4smile.com/quotes/bernard-lown/nuclear-bombs-have-made-mass-murder-a-reality-nuclear-bombs-threaten/) [Bernard Lown](https://sms4smile.com/quotes/author/bernard-lown/) > [ The issue has two dimensions. One is the legal dimension and the other one is the issue at the realpolitik. \[In the\] legal realm,… ](https://sms4smile.com/quotes/akbar-ganji/the-issue-has-two-dimensions-one-is-the-legal-dimension-and-the-other/) [Akbar Ganji](https://sms4smile.com/quotes/author/akbar-ganji/) > [“Whoever is planning a nuclear war or seriously thinking about using nuclear weapons must directly be taken to a mental hospital! 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They need an…](https://sms4smile.com/quotes/gore-vidal/the-constitution-has-broken-down-we-have-no-enemies-except-the-ones/) [Gore Vidal](https://sms4smile.com/quotes/author/gore-vidal/) > [There's people out there with nuclear bombs and yet we've got all these politicians trying to make a political platform based on a record.…](https://sms4smile.com/quotes/ice-t/there-s-people-out-there-with-nuclear-bombs-and-yet-we-ve-got-all/) [Ice T](https://sms4smile.com/quotes/author/ice-t/) > [We knew the world would not be the same. A few people laughed, a few people cried. Most people were silent. I remembered the…](https://sms4smile.com/quotes/j-robert-oppenheimer/we-knew-the-world-would-not-be-the-same-a-few-people-laughed-a-few/) [J. Robert Oppenheimer](https://sms4smile.com/quotes/author/j-robert-oppenheimer/) > [“Jeff sighed. “Henry. You know as well as I do that any one of us could do a great deal of damage if we…](https://sms4smile.com/quotes/seanan-mcguire/jeff-sighed-henry-you-know-as-well-as-i-do-that-any-one-of-us-could/) [Seanan McGuire](https://sms4smile.com/quotes/author/seanan-mcguire/) > [“In years to come, people may say that the most powerful weapon in this period of the twenty-first century was not sarin gas or…](https://sms4smile.com/quotes/tom-fletcher/in-years-to-come-people-may-say-that-the-most-powerful-weapon-in-this/) [Tom Fletcher](https://sms4smile.com/quotes/author/tom-fletcher/) > [“The second tunnel’s a Ministry of Defence tunnel...dug for a nuclear bomb shelter. 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I don't if anybody knows what it is but it was about... in the…](https://sms4smile.com/quotes/val-guest/well-the-day-the-earth-caught-fire-was-a-story-i-don-t-if-anybody/) [Val Guest](https://sms4smile.com/quotes/author/val-guest/) ## More by Danielle DiMartino Booth > [“Gambling has been fed by knowledge that, if disaster struck, someone else—borrowers, investors, taxpayers—would end up bearing at least some of the losses,” wrote…](https://sms4smile.com/quotes/danielle-dimartino-booth/gambling-has-been-fed-by-knowledge-that-if-disaster-struck-someone/) [Danielle DiMartino Booth](https://sms4smile.com/quotes/author/danielle-dimartino-booth/) > [“I preferred Warren Buffett’s definition: “It’s like most trends—at the beginning it’s driven by fundamentals; in the end, by speculation. It’s just like the…](https://sms4smile.com/quotes/danielle-dimartino-booth/i-preferred-warren-buffett-s-definition-it-s-like-most-trends-at-the/) [Danielle DiMartino Booth](https://sms4smile.com/quotes/author/danielle-dimartino-booth/) > [“The Federal Reserve has always advertised itself as being above politics, impervious to outside influence. This is, of course, nonsense. 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He was the lone member of the FOMC who voted against the…](https://sms4smile.com/quotes/danielle-dimartino-booth/i-worked-for-one-of-those-who-pushed-back-against-the-majority-he-was/) [Danielle DiMartino Booth](https://sms4smile.com/quotes/author/danielle-dimartino-booth/) > [“The Economist wrote that the Fed was “taking the unprecedented (and, some say, disturbing) step of financing up to $30 billion of Bear’s weakest…](https://sms4smile.com/quotes/danielle-dimartino-booth/the-economist-wrote-that-the-fed-was-taking-the-unprecedented-and/) [Danielle DiMartino Booth](https://sms4smile.com/quotes/author/danielle-dimartino-booth/) > [“The big surprise: in his dissertation Greenspan addressed housing bubbles. “There is no perpetual motion machine which generates an ever-rising path for the prices…](https://sms4smile.com/quotes/danielle-dimartino-booth/the-big-surprise-in-his-dissertation-greenspan-addressed-housing/) [Danielle DiMartino Booth](https://sms4smile.com/quotes/author/danielle-dimartino-booth/) > [“At 6 P.M. Paulson and Bernanke briefed members of the House and Senate leadership. They had little choice, Bernanke explained. AIG was one of…](https://sms4smile.com/quotes/danielle-dimartino-booth/at-6-p-m-paulson-and-bernanke-briefed-members-of-the-house-and-senate/) [Danielle DiMartino Booth](https://sms4smile.com/quotes/author/danielle-dimartino-booth/) > [“In 1996, my first year on Wall Street, the New York Times wrote a story pointing out that IBM, which had employed more than…](https://sms4smile.com/quotes/danielle-dimartino-booth/in-1996-my-first-year-on-wall-street-the-new-york-times-wrote-a-story/) [Danielle DiMartino Booth](https://sms4smile.com/quotes/author/danielle-dimartino-booth/) > [“Banks traditionally profited by capturing the difference between the interest rate at which they made loans and what it cost them to borrow. With…](https://sms4smile.com/quotes/danielle-dimartino-booth/banks-traditionally-profited-by-capturing-the-difference-between-the/) [Danielle DiMartino Booth](https://sms4smile.com/quotes/author/danielle-dimartino-booth/) > [“The basic task performed by the credit rating agencies was to strip derivatives of their individuality. Whether it was David Bowie pioneering securities derived…](https://sms4smile.com/quotes/danielle-dimartino-booth/the-basic-task-performed-by-the-credit-rating-agencies-was-to-strip/) [Danielle DiMartino Booth](https://sms4smile.com/quotes/author/danielle-dimartino-booth/) [Explore all 24 Danielle DiMartino Booth quotes ](https://sms4smile.com/quotes/author/danielle-dimartino-booth/) ## More Assassination quotes > [If it comes to a question of law, the charges they brought against me - the Espionage Act - is called the quintessential political…](https://sms4smile.com/quotes/edward-snowden/if-it-comes-to-a-question-of-law-the-charges-they-brought-against-me/) [Edward Snowden](https://sms4smile.com/quotes/author/edward-snowden/) > [ We have the ability to take him \[President of Venezuela, Hugo Chavez\] out, and I think the time has come that we exercise that… ](https://sms4smile.com/quotes/pat-robertson/we-have-the-ability-to-take-him-president-of-venezuela-hugo-chavez/) [Pat Robertson](https://sms4smile.com/quotes/author/pat-robertson/) > [“Assassination is murder with a touch more precision. Brother Sim is precise.”](https://sms4smile.com/quotes/mark-lawrence/assassination-is-murder-with-a-touch-more-precision-brother-sim-is/) [Mark Lawrence](https://sms4smile.com/quotes/author/mark-lawrence/) > [Strange, (is it not?) that battles, martyrs, blood, even assassination should so condense - perhaps only really lastingly condense - a Nationality.](https://sms4smile.com/quotes/walt-whitman/strange-is-it-not-that-battles-martyrs-blood-even-assassination/) [Walt Whitman](https://sms4smile.com/quotes/author/walt-whitman/) > [In modern day academia, secretly assassinating your peers is not necessarily performed the same way it was in king Tarquins day. The growth in…](https://sms4smile.com/quotes/simon-spacey/in-modern-day-academia-secretly-assassinating-your-peers-is-not/) [Simon Spacey](https://sms4smile.com/quotes/author/simon-spacey/) > [The Romans have provided a lot of writers with a model for various interstellar empires, of course, and no wonder. The Roman Empire is…](https://sms4smile.com/quotes/ann-leckie/the-romans-have-provided-a-lot-of-writers-with-a-model-for-various/) [Ann Leckie](https://sms4smile.com/quotes/author/ann-leckie/) > [We know from Talmadge Hayer, one of the men who carried out the assassination, who was shot by Ruben X as he tried to…](https://sms4smile.com/quotes/manning-marable/we-know-from-talmadge-hayer-one-of-the-men-who-carried-out-the/) [Manning Marable](https://sms4smile.com/quotes/author/manning-marable/) > [Assassination's the fastest way.](https://sms4smile.com/quotes/moliere/assassination-s-the-fastest-way/) [Moliere](https://sms4smile.com/quotes/author/moliere/) > [“He also had a condition that was referred to as granulated eyelids and it caused him to blink more than usual, as if he…](https://sms4smile.com/quotes/ron-hansen/he-also-had-a-condition-that-was-referred-to-as-granulated-eyelids/) [Ron Hansen](https://sms4smile.com/quotes/author/ron-hansen/) > [“Hundreds of political assassinations related to minority races, labor leaders and spokesmen against fascism have taken place in the U.S. since World War II.…](https://sms4smile.com/quotes/mae-brussell/hundreds-of-political-assassinations-related-to-minority-races-labor/) [Mae Brussell](https://sms4smile.com/quotes/author/mae-brussell/) > [However, after the assassination of Salman Taseer, the killer of Salman Taseer was welcomed by the religious fanatics. And they showered rose petals on…](https://sms4smile.com/quotes/shahbaz-bhatti/however-after-the-assassination-of-salman-taseer-the-killer-of-salman/) [Shahbaz Bhatti](https://sms4smile.com/quotes/author/shahbaz-bhatti/) > [There is not a single celebrated Southern name in any of the departments of human industry except those of war, assassination, lynching, murder, the…](https://sms4smile.com/quotes/mark-twain/there-is-not-a-single-celebrated-southern-name-in-any-of-the/) [Mark Twain](https://sms4smile.com/quotes/author/mark-twain/) > [I think that the implication of King's assassination has not been fully appreciated.](https://sms4smile.com/quotes/henry-louis-gates/i-think-that-the-implication-of-king-s-assassination-has-not-been/) [Henry Louis Gates](https://sms4smile.com/quotes/author/henry-louis-gates/) > [The Senate has been debased to the level of a forum of hate and character assassination sheltered by the shield of congressional immunity.](https://sms4smile.com/quotes/margaret-chase-smith/the-senate-has-been-debased-to-the-level-of-a-forum-of-hate-and/) [Margaret Chase Smith](https://sms4smile.com/quotes/author/margaret-chase-smith/) > [A deep, black grief gripped Robert Kennedy in the months following his brother's assassination. He lost weight, fell into melancholy silences, wore his brother's…](https://sms4smile.com/quotes/thurston-clarke/a-deep-black-grief-gripped-robert-kennedy-in-the-months-following-his/) Thurston Clarke [Browse all 264 Assassination quotes ](https://sms4smile.com/quotes/about/assassination/) ```json { "@context": "https://schema.org", "@graph": [ { "@type": "Quotation", "text": "“Usually an upbeat affair, the BCA conference in 2006 proved disturbing. 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