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Daily Archives: July 17, 2008
World leaders are starting to panic
Fear about soaring inflation and plunging growth are becoming increasingly palpable in world leaders both in business and politics. Today the Bank of England's new chief economist Spencer Dale warned that the UK is facing its toughest economic prospects in … Continue reading
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The next leg down: borrowers with good credit now defaulting
Over the past 36 hours, equity markets have been staging yet another relief rally. Days and even weeks of counter-trend rally are typical within on-going bear markets such as the present cycle. Bear markets typically grind investors down in fits … Continue reading
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