Monthly Archives: September 2009

Why forgetting the Great Panic is not acceptableOnly 6 months ago, at the peak of the financial crisis, the world witnessed well over $30 trillion of its wealth disappear inexplicably. That came as a surprise to just about every banker … Continue reading

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The pathology of debt bubble(s) The global financial crisis, although triggered by the US subprime mortgage debacle, has its root cause elsewhere: global debt overdose. Most explanations focused on irresponsible debtors and careless lenders, whether pointing to excessive borrowings by … Continue reading

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