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Posted on May 12, 2008

The global slump of 2008-09 has begun as poison spreads - TelegraphThe above article is incredibly gloomy but it brings up a couple of points that are worth considering regardless of whether the outcome is as dire as posited in the article.By now you know that Vallejo, CA filed for chapter 9 bankruptcy but what I did not know is that Half Moon Bay (a very neat little town) is facing the same path and it seems as though there will be others.The article also mentions several recent corporate bond defaults that while small could be canaries.These things are all reasons to be concerned and while t...

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corporate bond