Niall Ferguson, "The deleveraging process has barely begun"
Niall Ferguson, professor of history at Harvard University and author of The Ascent of Money, A Financial History of the World, was interviewed by The Globe’s Heather Scoffield. Mr. Ferguson pointed out that Taiwan’s exports fell 45 percent in the 4th quarter of 2008, which he characterizes as a depression-style contraction. He adds that we are not in a recession, but a crisis of excessive leverage, which will likely be deep and protracted and could produce a lost decade.
Source:
http://www.theglobeandmail.com/servlet/story/LAC.20090224.RFERGUSON24/TPStory/Business
***
Related Posts
-
Position in SPDR Small Cap Value ETF IncreasedThe position in the SPDR S&P 600 Small Cap...
- February 7, 2019
-
Jeremy Siegel Sees a Bull Market ContinuationJeremy Siegel predicted a bullish 2019 for stocks on...
- January 10, 2019
-
Ken Fisher is Over the Top Bullish for 2019CNBC interviewed successful money manager Ken Fisher yesterday
- January 3, 2019
-
Is the Retirement Crisis Really a Crisis?PBS Frontline recently presented a documentary called “The Retirement...
- April 25, 2013
-
Alarming Chart of the Stock Markets of 1987 and 2012-2013Several days ago I posted a chart showing the...
- May 22, 2013
-
Gary Shilling’s Favorite Investment: 30 Year Treasuries
Larry Kudlow interviewed Gary Shilling last week. Shilling continues...
- June 23, 2011
