Yes, that is what it is… a credit bubble that is deflating. The tide is going out, as Warren Buffett puts it. Now we see who’s been swimming naked. Not a pretty sight. So ugly, in fact, that people can’t stand to look.
March 13th, 2008 | Bill Bonner | 0 comments | ContinuedAll Posts Tagged With: "credit bubble"
Wiping the World’s Greatest Credit Bubble From History
One action alone won’t solve it - not even if that one action does come from Warren Buffett. Or the White House. Or the Federal Reserve. But altogether? And what if we throw in an extra $3.3 trillion of foreign government finance, pouring out of the oil- and export-rich sovereign wealth funds of Arabia and Asia? Might that be enough to wipe the world’s greatest-ever credit bubble from history?
February 14th, 2008 | Adrian Ash | 3 comments | Continued