Archive for July 29th, 2007
“Panic” sets in to the debt markets
29 July 2007If you are a Bill Murray fan, you might recall the moment early in his movie “Stripes” when, having been dumped by his girlfriend, he says “and then, depression sets in”.
This past week, the word that resonated was “panic”, rather than depression. As in: the S&P drops 5% as panic sets in. And [...]