April 15th, 2008
Brit economist fearing worst: “1929 Once Again”
If trying to figure out whether to buy or sell (stocks, houses …), probably best to grit your teeth and read Ann Pettifor’s latest at the Guardian.
Among other things, she has a remarkable speech from Churchill that seems to describe our credit crisis with perfect accuracy.
If the precedent were to perfectly pertain … Cash would be cool (as opposed to deflating assets).
