It's Time to Brace for a Repeat of 2008
If you think the global economy is out of the woods now that the European Union (EU) has expanded its effort to solve the sovereign debt crisis, then I'm afraid you're sorely mistaken.
No doubt, the European crisis is far from being solved - but that's hardly the only potential economic catastrophe looming on the horizon.
Indeed, two successive articles in the Financial Times last week warned of a new disaster approaching: They forecast 25% declines in financing volume for both