Exactly one year ago, an outbreak of flu in Mexico led to fears of a global pandemic. 'Swine Flu' did indeed spread around the world, however for most countries it had only a limited effect on economic output. We are now facing something that is likely...
"You may as well praise a man for not robbing a bank."
Much of the financial media's focus this week was on Goldman Sachs, US hedge fund Paulson & Co, the SEC, and problems with complex mortgage-related instruments.