Tuesday 26 June 2007

Are We Heading For Another Great Depression?


It's coming. By 2012, most of the world's financial institutions will be on their knees.

The Bank for International Settlements, the world's most prestigious financial body, has warned that years of loose monetary policy has fuelled a dangerous credit bubble, leaving the global economy more vulnerable to another 1930s-style slump than generally understood.


Link.

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