Aug 13, 2008

Tony Deden on the credit crunch

Despite the indifference and bullishness that permeates the stock markets, we continue to have considerable concerns about the impact that the real economy is likely to suffer as a result of the untangling of such momentous financial mess. In fact, we view these shocks not as a result of some specific malaise, such as the subprime fiasco, as much as tremors that precede the collapse of a phoney monetary order.

~ Anthony Deden, The Edelweiss Fund Monthly Review, October 3, 2007

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