Monday, Apr 28, 2008
Worth a read
FT: Global adjustment will be long and painful
So this crisis is about to end, right? There are two failsafe ways to justify a solid dose of optimism: define the crisis in a sufficiently narrow way; and, even better, look at the wrong crisis. In that spirit I am happy to state my optimism about the prospective end of the subprime crisis.
Posted by who stole my pension? @ 04:28 AM (268 views) Add Comment
1 Comment
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1. hpwatcher said...
Good article....the 'credit crunch' is a symptom and not the cause.