The Swiss-based `bank of central banks’ said a hunt for yield was luring investors en masse into high-risk instruments, ‘a phenomenon reminiscent of exuberance prior to the global financial crisis
Tuesday, September 17th, 2013
BIS Veteran Says Global Credit Excess Worse Than Pre-Lehman
Author: Ambrose Evans-Pritchard
Source: The Telegraph (U.K.)
Publication Date: 2:24PM BST 15 Sep 2013
Link: BIS Veteran Says Global Credit Excess Worse Than Pre-Lehman
Source: The Telegraph (U.K.)
Publication Date: 2:24PM BST 15 Sep 2013
Link: BIS Veteran Says Global Credit Excess Worse Than Pre-Lehman
Stephan: This is a fairly alarming assessment of the current financial situation. Because the Obama Administration did not have the courage or wisdom to take on the financial industry, and re-regulate it, once again we are at risk.
Click through to see the charts which made it much easier to comprehend the issues covered in this report.
