Financial Crisis is the Birth Pains of a New Currency

Currencies / Credit Crisis 2008 Oct 14, 2008 - 01:28 PM

By: David_Vaughn

What can we say?

We are experiencing the most severe financial crisis since 1929. It hurts. There appears to be no relief in site. What began with mortgage defaults has now spread to the derivative markets.

You will hear the term “credit default swapsâ€