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August 17, 2007

Terror & Credit

It's a sad statement that only our newsroom alerted me to the fact that the very week I opposed in Casa a retard decided to undertake to blow himself up, in a sad attempt to commit a suicide bombing perhaps indicative of a wider plot, whose perhaps only edifying result is to suggest that Moroccans inclined to suicide bombing are incompetent idiots. I have been rather more obsessed with the unwinding of over-leverage (and by extension possible implications for myself, but who is not without sin?


At present, however, I belong to the possibly deluded and charts as this give me confidence that it is the over-leveraged financial stratosphere that is likely to take the brunt:

Gilles-Tett-Real Economy FT Credit Crisis.gif

Posted by The Lounsbury at August 17, 2007 12:43 AM
Filed Under: Biz - Private in MENA , Business , Economics , The Maghreb

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