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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: Chispas who wrote (105047)9/12/2009 7:29:25 PM
From: Chispas2 Recommendations  Respond to of 110194
 
"Lehman is a footnote in the great East-West globalisation crisis"

Ambrose Evans-Pritchard, 5:58PM BST 12 Sep 2009

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You can see why markets and governments both like to blame Lehman Brothers for the "Great Contraction". Such wishful thinking shields investors from the nasty reality that deeper forces are at work: it absolves officialdom from its own destructive role in fixing the price of credit too low for 20 years, luring us into debt...............

telegraph.co.uk