1.0 link 177894 http://www.huffingtonpost.com/diane-tucker/surprise-global-financial_b_177894.html In the summer of 2007, the investor Bill Browder (of the $4 billion Hermitage Fund) spotted a small news item in his morning paper. For the first time an American auction of debt from leveraged buyout deals failed to draw enough bidders and had to be shut down. Browder recognized this seemingly insignificant event for what it was: the world had run out of its ability to absorb new debt. "This is it," he told Joshua Cooper Ramo...

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