"Double-dip fears over worldwide credit stress" Triple fears hitting global economy and risk asset prices

"Double-dip fears over worldwide credit stress" - Triple fears hitting global economy and risk asset prices. Spain banking crisis + escalating political risk in Asia + second leg lower for US housing. While the libor is still well below levels in the Lehman crisis, the pattern has ominous echoes of the strains in 2007 and 2008. London Telegraph