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BIS Warning - Too Much Credit

  1. Jun 26, 2007 #1

    Astronuc

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    Staff: Mentor

    Anyone involved with international finance probably knows about Bank of International Settlements. The institution issued a report recently raising concern about the lax credit standards at the present time. If things continue for the next decade as they have during the last two or three, we could see an global economic downturn similar in scale to the 1930's. So minimize one's debt.

    Too much credit
    http://marketplace.publicradio.org/shows/2007/06/25/AM200706256.html

    You may not have heard of the Bank of International Settlements, but it's the world's most prestigious financial body and it's warning of a big credit bubble. Ambrose Evans-Pritchard of London's Daily Telegraph explains.
    General Manager's speech
    http://www.bis.org/speeches/sp070624.htm

    Speech delivered by Malcolm D Knight, General Manager of the BIS, on the occasion of the Bank's Annual General Meeting, Basel, 24 June 2007.
    Full speech, including graphs (PDF, 9 pages, 56 kb)

    http://www.bis.org/about/index.htm
     
  2. jcsd
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