The plunge in stock prices last week has even the mainstream press rattled. The fear is that the plunge was more than a normal correction after a period of run-up in stock prices, that it marked the end of a long credit bubble. The investment banks that underwrote the Cerebus buyout of Chrysler found last week that they can't sell the debt.
That's how the end begins. Oh dear.
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©AFP |
©Rob McNaught |
The peacock-like tail of the comet became clearly visible once it entered darker skies.
This shot was captured by Rob McNaught on 25 January at Siding Spring. |
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