Share
S&P’s downgrade of Japan’s credit-rating raises a disturbing prospect. Is this stage two of the global credit crisis, featuring chain of sovereign defaults amongst the largest economies?
Month: January 2011
Share
Who has survived the global credit crisis in the best shape? As Chou En Lai said about the impact of the French Revolution, it’s still too early to judge. The snap verdict that China is the big winner and the US and rest of the old G7 are big losers is already looking questionable.