[NewsBite] BIS Warns of Great Depression Dangers From Credit Spree
Article from June 25, 2007 published by The Daily Telegraph entitled “BIS Warns of Great Depression Dangers From Credit Spree” by Ambrose Evans-Pritchard.
Begins … “The Bank for International Settlements, the world’s most prestigious financial body, has warned that years of loose monetary policy has fueled a dangerous credit bubble, leaving the global economy more vulnerable to another 1930s-style slump than generally understood.”
read full article here.
Posted on July 2nd, 2007 under BIS, Bubble, China, Great Depression • 
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January 6th, 2008 at 1:29 am
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