WHEN share and house prices collapsed in 2008, Buttonwood’s father-in-law asked what happened to the tril­lions of dollars of wealth that had disap­peared. Uninsured Cypriot bank depo­si­tors are asking the same question about the money that is likely to vanish from their acco­unts. The answer to both questions is remar­kably similar.

via Buttonwood: Where did all the money go? | The Economist.


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