It was at the World Economic Forum meeting in Davos six years ago that I first became seriously worried about the credit bubble. It was clear back then, in January 2007, that problems were developing in complex credit. But it was also clear that the public and private sector were in widespread denial.
在6年前的達佛斯世界經濟論壇(WEF)上,我第一次真正爲信貸泡沫感到擔心。在那時,也就是2007年1月,複雜信貸領域已明顯出現問題,並且問題日趨嚴重。不過,同樣很明顯的是,當時公共和私人領域普遍否認這一點。
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