Saturday, 12 April 2008

back to 1929

Following George Soros, Dutch finance minister Wouter Bos has now also announced that the current economic crisis is the worst since 1929 (the last two links are in Dutch, sorry). He was speaking to the IMF in Washington.

Contrary to suggestions from others, he believes the Netherlands are not at risk from the credit crisis itself and the Dutch housing market is not a soap bubble about to burst. But there will be blows. Like a boxing match, you just don't know if they're going to come from the left or from the right...

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