Rebounds That Don’t

John Kay perfectly outlines what the Cowboy has been thinking since the outset of the current financial crisis.

Money quote:

“The analogue of the 1929 Wall Street crash is not the 2007 credit crunch, but the bursting of the New Economy bubble in 2000.”

Published in: on March 11, 2009 at 17:41  Comments Off on Rebounds That Don’t  
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