There's a riot goin' on

By analysing so-called "riot points", we can see that the current crisis is spreading and deepening, says Avinash Persaud, the chairman of Intelligence Capital, a financial advisory firm.

An optimist might conclude that we are at the nadir of a subprime crisis that has already lasted a couple months longer than the LTCM debacle of 1998.

They could argue that central banks have renewed their commitment to injecting liquidity; that banks have come forward to the virtual "truth and reconciliation

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