‘Who is this guy Margin that keeps calling me?’

Economic growth, Financial Events, Leverage

I am indebted to Paul Krugman for passing on this piece of black humour, now going the rounds in financial markets.

Unfortunately, these problems are getting closer to home. Carlyle, who have a number of private equity investments in chemical companies, defaulted on a $16.6bn bond fund today.

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Fed/IMF worry that US may see 'severe recession'

13/03/2008

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Northern Rock, Carlyle, now Bear Stearns

16/03/2008

I am indebted to Paul Krugman for passing on this piece of black humour, now goi...

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