Belmont Club

By Richard Fernandez

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Crossed paths

October 4, 2008 - 3:46 pm - by Richard Fernandez
Konyok
2008-10-06 13:40:35

Ah, but the neighbor never fully recovered from his serious, possibly fatal illness. He’s got a stabilization fund, but the oil income is drying up faster than anybody anticipated, plus he’s stuck with a whole lot of toxic US mortgage backed securities. His stock market has crashed and his people still keep their savings under the mattress. He will suffer a relapse and it will not go well with the current crop of oligarchs.