HappySqurriel on 03 October 2008
"the world is safe again... But... for how long?"
The scary thing is that this is really just a bandaid and we're only weeks away from the next crisis ...
I expect that, due to the low home prices in many markets, tax revenues for many municipalities and states will be so low and their debt levels are so high that they will be risking bankrupcy; suddenly, everyone will start wondering whether these govenment issued bonds they hold are really worth the paper they're written on and we will return to a liquidity crisis.
