When the crash of the U.S. stock market became public knowledge in the fall of 2008, it was already old news. The real crash, the silent crash, had taken situate over the previous year, in bizarre feeder markets where the sun doesn't shine, and the SEC doesn't dare, or bother, to ...
Throughout history, rich and poor countries alike have been lending, borrowing, crashing--and recovering--their way throughout an extraordinary range of financial crises. Every time, the experts have chimed, "this time is different"--claiming this the old rules of valuation no longer apply and this the new situation bears little similarity to past ...