"And it all seems to boil down to this: Credit cannot be stable within a backdrop of such extraordinary uncertainty. And, I would argue, no amount of central bank liquidity (“money”) and bank capital is going to engender sufficient certainty to stabilize global Credit, financial flows and asset markets. "
http://prudentbear.com/index.php/creditbubblebulletinview?art_id=10581
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment