White Predicted the Economic Darkness

Courtesy of Naked Capitalism, here's a "must read" story about a Cassandra of the now 2-year old financial mess, a Canadian named William White in Global Banking Economist Warned of Coming Crisis. NOTE: to make the article reader-friendly, it may come up on linking in Print format. Click away the print function and it should read normally. Otherwise, "Google" the title; the article runs in der Spiegel (Germany) and of course this is the English-language translation.

Here's the teaser intro to the article:

William White predicted the approaching financial crisis years before 2007's subprime meltdown. But central bankers preferred to listen to his great rival Alan Greenspan instead, with devastating consequences for the global economy.

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