Niall Ferguson, "The deleveraging process has barely begun"

• Tweet
• Pin It

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

***

• Tweet
• Pin It

Related Posts

• 

  Going Off the Rails
  Going Off the Rails
• 

  SPDR Small Cap Value ETF Allocation Increased
  SPDR Small Cap Value ETF Allocation Increased
• 

  Mark Mobius on Where to Invest in Emerging Markets
  Mark Mobius on Where to Invest in Emerging Markets
• 

  Baltic Dry Index Indicates World Economy Improving
  Baltic Dry Index Indicates World Economy Improving