<a href="http://blogs.independent.co.uk/openhouse/2008/10/i-was-wrong-bla.html">Hamish McRae: I was wrong. Blame Lehman Brothers</a>

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The Independent Online

Yes, but what about the real economy? If I have been too optimistic about the effectiveness of the world's monetary authorities in restoring faith in the banking system, might I also have been too optimistic about the now-incipient economic downturn?

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