Thursday, July 29, 2010

“This Time is Different: Eight Centuries of Financial Folly” – A Book by Reinhart and Rogoff

February 10, 2010 by Editor · Leave a Comment 

Highly leveraged economies, particularly those in which continual rollover of short-term debt is sustained only by confidence in relatively illiquid underlying assets, seldom survive forever, particularly if leverage continues to grow unchecked. Words: 1264



This Time Is Different: Eight Centuries of Financial Folly (Hardcover)

By (author) Carmen M. Reinhart, Kenneth Rogoff

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