Business Spectator - This crisis outranks 1987
The reason for last night's fall are the hedge funds and expiring obligations - deleveraging. That's good to hear, meaning that the fall is not directly related to the prior conditions and the bail-out(s). Well, prices still go down and go down well.
With every day we are seeing more of this monster. This is something to remember for a long time.
But, after surviving the Bosnian war and four years in Sarajevo, nothing can surprise me. :) So it's fun to follow through. Even this blog will be something to read through at a later day.
The reason for last night's fall are the hedge funds and expiring obligations - deleveraging. That's good to hear, meaning that the fall is not directly related to the prior conditions and the bail-out(s). Well, prices still go down and go down well.
With every day we are seeing more of this monster. This is something to remember for a long time.
But, after surviving the Bosnian war and four years in Sarajevo, nothing can surprise me. :) So it's fun to follow through. Even this blog will be something to read through at a later day.
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