The Third Horseman of the Apocalypse
Thursday, September 18th, 2008
Regular readers of this blog know that I have been increasingly concerned about the credit crisis, and have maintained for some time that this crisis has the potential to bring down the global financial system. I have also stressed that there has been a very low probability of this happening. More recent posts, though, have been picking out specific indicators of rising risks, and, much to my dismay, I must say that the risks have risen once again.