Friday, Jun 29, 2007
Does this matter? Almost certainly it matters a lot, because it is cheap credit - encouraged in part by the creation of these complex structures - that currently underpins the biggest mergers and acquisitions boom the world has ever seen. That in turn bol
TELEGRAPH UK: Confidence in cheap credit could be fading fast
Whisper it quietly, but the world's financial system is held together by nothing much more substantial than confidence. The whole fragile structure is dependent on our continuing belief in the integrity of the system. If we lose faith, as when the dot.com bubble burst or the leveraged takeover boom of the 1980s ground to a halt, the fallout can be devastating
Posted by chris @ 05:44 AM (149 views) Add Comment
- If you do not have an admin password leave the password field blank.
- If you would like to request a password allowing you to add comments and blog news articles without needing each one approved manually, send an e-mail to the webmaster.
- Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
- Please note that any viewpoints published here as comments are user's views and not the views of HousePriceCrash.co.uk.
- Please adhere to the Guidelines
No comments have been submitted.
Be the first person to add your comment by completing the form below.