Anonymous_IHB
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http://www.economist.com/finance/displayStory.cfm?source=hptextfeature&story_id=12306060
Deleveraging
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no_vaseline_IHB
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<blockquote>The danger is of a ?second-round effect?, as the crisis in finance affects the economy, leading to further problems in finance. Mortgages may be the problem asset of the moment but next year the worry may be about credit cards, car loans and corporate debt.
The Bush administration?s rescue plan aims to arrest this deleveraging cycle. But it will not be easy. ?Eventually they will put the fire out,? says Nick Carn, a partner at Odey Asset Management, a hedge fund. ?The question is how much gets burned between now and then.?</blockquote>
<a href="http://www.economist.com/finance/displayStory.cfm?source=hptextfeature&story_id=12306060">http://www.economist.com/finance/displayStory.cfm?source=hptextfeature&story_id=12306060</a>
The Bush administration?s rescue plan aims to arrest this deleveraging cycle. But it will not be easy. ?Eventually they will put the fire out,? says Nick Carn, a partner at Odey Asset Management, a hedge fund. ?The question is how much gets burned between now and then.?</blockquote>
<a href="http://www.economist.com/finance/displayStory.cfm?source=hptextfeature&story_id=12306060">http://www.economist.com/finance/displayStory.cfm?source=hptextfeature&story_id=12306060</a>