Monday, Dec 10, 2007
Decoupling dies lonely death. Now Take the Monoline to Global Depression
Daily Telegraph: Decoupling dies as half the globe hits crunch
Ambrose Evans-Pritchard doesn't see the cavalry arriving to save us. Meanwhile he asks "Who will insure the global insurers?"
Posted by fofp @ 01:28 PM (229 views) Add Comment
3 Comments
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1. Flapjack said...
'The strategic failure of a whole generation of economists, bankers, and policy-makers has been so enormous that it may now take a strong draught of socialism to save the Western democracies. We start - but may not end - with the nationalization of Northern Rock.'
Staggering - absolutly staggering! This from the business editor of the Telegraph!
2. Stevie Dee said...
More like a stiff drink, and a massive wake.. We are and have been experiencing a strong draught of socialism with a twist, change is coming, it won't be pretty, but hey that's life.
3. drewster said...
Ambrose E-P has been a bear throughout the credit crunch. Definitely one of the most bearish voices in the media.