Archive for July, 2008
End of the World Trade
I asked one investment banker what might cause half of North America’s top corporations to default. No ordinary economic recession or natural disaster short of an asteroid strike could do it: no hurricane, for example, and not even ‘the big one’, a catastrophic earthquake devastating California. All he could think of was ‘a revolutionary Marxist [...]
Posted: July 2nd, 2008 under Americas, derivatives.
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