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 (40 views) Add Comment
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