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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum

GLD 368.31

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Nov 7 4:00 PM EST

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To: Haim R. Branisteanu who wrote (65173)	8/14/2010 12:54:11 PM
From: elmatador	Read Replies (1) of 217635

The Lehman collapse in September 2008 punctured the European housing/construction boom. A combination of automatic fiscal stabilisers and Keynesian stimuli led to sharply increasing fiscal deficits and rising debt ratios. Whereas in October 2008 most fiscal authorities could credibly support their own banking systems, by mid-2010 in many countries the fiscal system and the banks were struggling. The worse the fiscal position, the more threatened was the solvency of the banking system, and vice versa. finfacts.ie Translation: they propped the system with money they did not have.

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