Debt Rattle, May 8 2008: Broken Levers

Dorothea Lange: Mobile Home, 1939 "To serve the crops of California, thousands of families live on wheels. Near Bakersfield, California." Ilargi: It�s leverage that will break all camel�s backs. Whether rates are cut, as in the US, or not, as today in the EU and England, doesn�t make much difference, that�s just temporaray window dressing. There�s so much inevitable de-leveraging coming up that