The Great Deleveraging
source: http://prudentbear.com/index.php/commentary/featuredcommentary?art_id=10181
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- taps65
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As the “financial’’ crisis moved into the “real” economy at the end of 2008, the incomprehensible discourse about arcane minutiae of securitized debt and derivatives (toxic three letter acronyms such as ABS, CDO, MBS, SIV; CDS etc,) that no sane person really understood, could be abandoned for the more familiar language of “recessions” and “depressions.
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- groups:
- News and Politics
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- tags:
- News and Politics, The Truth, NOW, Loss Causation
