Very scary times ahead for the world economy ? Maybe.

The Last Days of Lehman Brothers

The Last Days of Lehman Brothers (Photo credit: Wikipedia)

http://www.cnbc.com/id/47670378

On Friday, as data from China and the U.S. showed the global economy slowing sharply, the head of the World Bank warned that the summer of 2012 is looking like an “eerie” echo of 2008, when a collapse of the U.S. mortgage market led to the collapse of Lehman Brothers.

Who will save the world economy this time ?

 

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