BIS warns of Great Depression dangers from credit spree

Discussion in 'Wall St. News' started by BoyBrutus, Jun 25, 2007.

  1. LOL!!!

    Sounds just like someone we know here. Someone whos name rymes with MICHAEL SCOTT!

    A sage he is, no really!

    ......"Virtually nobody foresaw the Great Depression of the 1930s, or the crises which affected Japan and southeast Asia in the early and late 1990s. In fact, each downturn was preceded by a period of non-inflationary growth exuberant enough to lead many commentators to suggest that a 'new era' had arrived", said the bank.