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The Biggest Mess Since 1929 |
| December 8th, 2007 under Bond Market, Credit, FED, Finance, Housing Crash, Housing Market, Liquidity Crisis, Mortgage Blog, Uncategorized, bubbles, credit crunch. [ Comments: none ]
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It was Charles Mackay, the 19th-century Scottish journalist, who observed that men go mad in herds but only come to their senses one by one.
We are only at the beginning of the financial world coming to its senses after the bursting of the biggest credit bubble the world has seen. Everyone seems to acknowledge [...]
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