This called for a market correction and we asked market participants to prepare for that market correction. You forecast the crisis? Not the extent and the depth of this global crisis. But if anyone saw warning signs and voiced them, it was the central banks.
BIS Review 52/2009  1  How can the central banks now help to find a way out of the crisis? With rates near to zero, can you do any more than print money? The present circumstances are extraordinary. Central banks and governments must therefore resort to extraordinary measures.