mi2g: London, UK – 2 November 2007, 10:26 GMT
Dear ATCA Colleagues and mi2g members
[Please note that the views presented by individual contributors are not necessarily representative of the views of ATCA, which is neutral. ATCA conducts collective Socratic dialogue on global opportunities and threats.]
We are grateful for the 83rd contribution to the “Global Credit Crunch” Socratic dialogue over at mi2g.com:
. Dr Harald Malmgren, CEO, Malmgren Global, based in Washington DC, USA, for, “Rising Contagion – Global Credit Crunch Cuts Deeper.”
The number of iterations of an ATCA Socratic dialogue is a very rough indicator of how critical a particular asymmetric threat is perceived to be and how protracted it has become over time. This Socratic dialogue was started on 12th July 2007, nearly one month before the global credit crunch crisis and associated fallout began with the European Central Bank (ECB) emergency injection of Euro 95bn on 9th August 2007. Three months and three weeks later, it remains the longest and deepest running Socratic dialogue on ATCA, since our inception in October 2001.
Dear DK and Colleagues at mi2g
Re: Rising Contagion – Global Credit Crunch Cuts Deeper
November 1 should have been a sunny day in US financial markets. The Federal Reserve had just cut interest rates by a quarter percent, and the official estimate of the rate of growth of GDP in the third quarter was a torrid 3.9 percent. The stock market had surged on the last day of October, when most mutual funds closed their books on the year without a major sell-off to book profits.
Tags: mi2g atca dkmatai credit