Saint Albert the Great… and Merrill Lynch

Posted by Gold Trading on Jul 29th, 2008 and filed under Interest Rates. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

I have spoken in this column before that it is the insidious nature of deflation to undermine all asset classes and erode the capital base of an economy. As we unwind this credit cycle, cash is king, and commercial and investment banks are scrambling for capital – capital that has not been forthcoming while writedowns continue into Q4…

The rest is here:
Saint Albert the Great… and Merrill Lynch