Liquidity Everywhere, But Not a Drop to Drink

Earlier today, Goldman Sachs CFO David Viniar became the latest to sound the alarm about what’s going on in the credit markets, saying that they’re trading like “we’re in the middle of the worst recession we’ve seen in a very, very long time.”
It could be that Mr. Viniar is providing a bit of cover fire for reduced revenues for the venerable firm in coming months (it is possible, after all), but it’s hard to deny his observation that &…
Original Source

  6 February, 2008| Economy | @ 22:12

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