Scholes, Nobel Laureate, Says Credit Crisis May Not Be Over - The Diigo Meta page

• 17 May 08
  

  Sowilo Kenaz Coffee

  ``In my view, this is probably as bad or worse than the 1989-1990 crisis and may even rival the worst crisis we've seen since the end of the Second World War,'' Scholes said. Former Fed Chairman Alan Greenspan has also said the turmoil is the most ``wrenching'' since the war.

  bloomberg

  • said the worst of the crisis in credit markets may not be over.
  • Are there other shoes to drop and new events or new shocks that will come to the fore?
  • remain ``far from normal.
  • ``In my view, this is probably as bad or worse than the 1989-1990 crisis and may even rival the worst crisis we've seen since the end of the Second World War,''
  • turmoil is the most ``wrenching''

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