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zondag 13 april 2008

alf field

CHAOS CHRONICLED

Alf Field

"Men haven’t changed much in the last 2,000 years and, in consequence, we must still learn from history." –
Kenneth Clark, "Civilisation"

"You shouldn’t be worried. You should be angry. We’ve just come off a multiyear orgy of irresponsibility and recklessness that’s unprecedented in the history of finance. Where was the government? Where were the regulators? How did this happen?" - Barry Ritholtz, CEO at Fusion IQ.



THE WORLD FINANCIAL CRISIS
Indeed, how did it happen? The onset of the world’s worst financial crisis in many decades is one of the most important factors (if not the most important factor) currently influencing investment decisions.

The crisis has created chaos and confusion. Not many people understand how the world has arrived at this unfortunate situation. This report endeavours to identify the underlying causes of the crisis and explains why the USA current account deficit has been the main destabilising force in world finance.

read more: http://www.gold-eagle.com/editorials_08/field041008.html