At The Business.
Interesting new book on banking crises and what’s going wrong with Russia.
Tags: Timmy Elsewhere
// Mar 31, 2008 at 3:42 pm
“pre-crisis valuations” but those valuations were bollocks. This crisis is summed up by the parable of the emperor’s new clothes. The only difference is the central banks are now having to buy the clothes as if they existed.
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