Tillsammans med Feds politik blev de till slut delar av en explosiv cocktail. Så kom den ekonomiska krisen, som i Lars Pålsson Sylls ögon gav honom rätt. While this notion is ridiculous on its face, it has enjoyed a widespread following through the years and has created a lot of mischief. Perfect markets lead to nice math; imperfect markets are a lot messier. Almost nobody predicted the immense economic crisis that overtook the United States and Europe in
I USA efter börskraschen drog man visserligen ned ränteläget, men eftersom inflationen föll dramatiskt ned till negativa tal blev realränteläget ändå mycket högt.
Yet there is no such thing as a one-off fall in interest rates. However, listening to the persistent complaints about higher U. For anyone in the financial world, time is divided into Before Lehman, and After Lehman. More by Robert J. In his letter to shareholders of Berkshire Hathaway, Mr Buffett said he and Charlie Munger, the investment and insurance companys vice chairman, viewed derivatives and derivative trading as time bombs. It's a painful condition to be in - but not as painful as doing something stupid," added Mr Buffett. The houses that saved the world Mar 28th From The Economist.