Contagio.
Author | Brown, Greg |
Recuerdo muy bien cuando recibí la llamada. "Pregúntele a sus corredores de bolsa sobre la moneda tailandesa". Era 1997, y yo trabajaba en un servicio financiero por cable, en Santiago. Los editores de Nueva York estaban alarmados por las monedas asiáticas, y entonces preguntamos. "¿Qué con la moneda tailandesa?" fue la respuesta que nos dieron los corredores de bolsa chilenos. Y no podía culparlos por no saber. Parece que nadie había previsto lo que después se conoció como el colapso asiático y ruso. De la noche a la mañana, miles de millones de ganancias accionarias se esfumaron. Los tigres asiáticos se tambalearon. Y el efecto se sintió de Nueva York a Londres, de Tokio a São Paulo.
[ILUSTRACIÓN OMITIR]
Está ocurriendo nuevamente, sólo que esta vez la mala noticia viene de los mercados estadounidenses. Básicamente, casi el 20% de las personas que obtuvieron préstamos hipotecarios en Estados Unidos durante los últimos cinco años, no debería haberlos obtenido. Y a muchos de ellos se les otorgaron créditos mayores a los que normalmente podrían haber conseguido, y con muy pocas garantías. El contagio se ha esparcido a los fondos de inversión estadounidenses y europeos, que compraron esos préstamos como un paquete de acciones sin calcular los riesgos inherentes.
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