Wednesday, Aug 22, 2007
Pain being felt even where exposure is minimal. Very early on in the crisis I may add.
Independent: Credit crunch takes toll as HBOS steps in at Grampian
"The revelations came a day after yields on three-month US Treasury bills - a safe haven investment - fell to their lowest levels since 1982, registering a drop more extreme even than the one that occurred in the stock market crash of 1987, as investors fled risky assets".
Posted by planning4acrash @ 09:22 AM (510 views) Add Comment
3 Comments
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1. japanese uncle said...
Looks like HPC might be better renamed as GEC (Global Economic Crash)
2. Boarder said...
The credit crunch is becoming the solvency crisis!
3. fahrenheit451 said...
This is a bit closer to home ... can't believe that HSBC will go belly up.
Better watchout for the fallout though ...
Sub-prime ... Sub-prime ... Sub-prime