peHUB Second Opinion 10.09.08
Speaking Of Rising Default Rates: Naked Capitalism elaborates on the other economic shoe dropping, as it relates to bad LBO loans, and that rising default rate we are hearing about. The amount considered "bad" has nearly tripled. Sad Guys On Trading Floors: There are a lot of photos of trading floor distress. Enough to make a topical comedic blog on it. David Pilling: Did America hang itself with an Asian rope? Despite the ridiculous metaphorical lead, the FT columnist very keenly points out how Asia has played a part in America's financial downfall in more than one way. But: Just when we thought we had it bad, Business Week reports that Europe is even less suited to handle a crisis.
9 October 2008•3 mins read
