Global Economy is at Maximum Danger
Posted in Economy on Jul 22nd, 2008
So says Ambrose Evans- Pritchard in the UK’s Telegraph.
It feels like the summer of 1931. The world’s two biggest financial institutions have had a heart attack. The global currency system is breaking down. The policy doctrines that got us into this mess are bankrupt. No world leader seems able to discern the problem, let alone [...]