Another news. Lehman Brothers sues a borrower of Fontainebleau project to get the part of lending money back from them.
What was the credit bubble? I still remember a blog. The blog introduce the private equity guy' s comment that all listed companies would be owned by private equity in the future.... I don't know if that guy really thought so, but the comment indicate that it was hard for even smart guy to predict what would happen tomorrow. When most of people are not aware of being in bubble, bubble economy is growing. Today nobody believe bubble economy come back again because a lot of people learn from the experience and will be smarter next, but bubble will repeat when nobody is aware of it.
No comments:
Post a Comment