The Credit Quake of 2008 – 2009 (Revisited)

We were reminded today of a blog post we made on 21 October 2009 we made regarding the Credit Crisis of 2008 – 2009, at the time.

Some of the lessons learnt and discussed there are still relevant today, especially our comment regarding the fact that the Credit Quake would have ‘after shocks’ for a few years to come:

“…we are still in the midst of a major equilibrium adjustment and the ‘step down’ or up from the previous level will continue to be uncomfortable for many years to come.”

Please follow this link for the full article detail:

http://themarketsoul.blogspot.com/2009/10/comments-from-lay-economist-on-credit.html

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