financial contagion

What: "We come to this conclusion somewhat reluctantly, since financial safety is a matter for global and not just national concern. Financial contagion is like pollution: it can and often does easily cross national borders. And unlike pollution, financial contagion can generate harm much more quickly."

Writer: Robert E. Litan

LCC:

Where:

Date: Aug 15 2014 5:20 PM

What:

"Markets are irrational and short sighted and the problem is that Labour gave the impression that they didn't think there was a problem when tens of thousands of CFA's and PHDs the world over (and Ed Balls' own brother) are looking at our balance sheet and saying..... NO!!! Contagion is like the flu, do you avoid the flu by calculating the minimal distance to stand away from someone with it and hoping that your model is correct or do you walk into a different room completely? "

Writer: edsballs

LCC:

Where:

Date: Aug 15 2014 5:22 PM