Sep 27 2005
The Perfect Storm
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“If America could be so ill-prepared for a hurricane hitting what has long been called the Hurricane Coast, what else might we be missing? In this apocalyptic frame of mind, your columnist notes that there has been a recent spate of conferences, journal issues and whole volumes examining whether the financial system might be a tad fragile, should disaster strike.”
That’s from The Economist, which continues, “There is arguably a drift towards greater risk-taking overall, especially when interest rates are low, so the system has not become any safer and may in fact be less safe.”
Seems that more mainstream press folks are at least beginning to question our economic reality. Could this be an indicator of an increase in momentum of those not paying attention suddenly realizing everything is not as balanced as thought?
