Posted by Sigismund on October 1, 2008, at 3:36:56
In reply to Re: Oops-- there goes the economy... » Sigismund, posted by Bobby on October 1, 2008, at 1:00:02
Satyajit Das (a risk analyst) apparently predicted this in
"Traders, Guns and Money. Knowns and Unknowns in the Dazzling World of Derivatives"
and was on the wireless here (I could understand him), saying that this is what de-leveraging an economy looked like, and that the best that could be done was to erect barriers to the storm on an ad hoc basis.
poster:Sigismund
thread:854180
URL: http://www.dr-bob.org/babble/poli/20080728/msgs/855045.html