Lehman and the end of the era of leverage

Quicklink submitted By   Follow Me on Twitter     Message Sheila Samples     Permalink
Related Topic(s): ; ; ; ; ; , Add Tags

View Ratings | Rate It

opednews.com

Become a Fan
  (42 fans)
An enormous hoax has been perpetrated on global financial markets during the past 10 years. An economy based on opening containers from China and selling the contents at Wal-Mart, or trading houses back and forth, provides scant profitability. Where the underlying profitability of the American economy was poor, financial engineering managed to transform thin profits into apparently fat ones through the magic of leverage.

Read the rest of the story HERE:

At www.atimes.com

- Advertisement -
- Advertisement -