Monday, September 8, 2008
Not everyone thinks the end of the world is coming….
...and I'm not talking about the LHC: "World equities markets surged higher on Monday and the cost of protecting corporate debt from the risk of default tumbled in the wake of the US government’s decision to take control of mortgage guarantors Freddie Mac and Fannie Mae. The rescue removed the threat of the two twin giants of the US mortgage market defaulting and helped restore confidence in the global financial system." Time will tell.