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nakedcapitalism.com - 11/12/2008
"The first casualty of the crisis: Iceland"
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For those of you who only caught bits and snippets of the Iceland crisis, this VoxEU post by J on Danielsson provides a useful recap. And if you are familiar with broad outlines of the unravelling, the piece also recaps the policy errors that fed into the crisis. The article focuses on the ...
nakedcapitalism.com - 11/15/2008
Credit Crisis Fallout: Investors Leery of Buying Government Debt As Calendar Grows
— nakedcapitalism.com — One of the underlying assumptions of the Fed's and many other central banks' response to the credit... crisis is that it can be halted, and hopefully remedied, by having the government backstop the troubled financial sector. One template is not to ... (more) Credit Crisis Fallout: Investors Leery of Buying ...

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VoxEU.org - 11/12/2008
How bad could the crisis get? Lessons from Iceland
— VoxEU.org — Jon Danielsson , 12 November 2008 Iceland’s banking system is ruined. GDP is down 65% in euro... terms. Many companies face bankruptcy; others think of moving abroad. A third of the population is considering emigration. The British and Dutch governments ... (more) How bad could the crisis get? Lessons from Iceland

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Nuclear Winter | China International Business
cibmagazine.com.cn - 11/12/2008
Nuclear Winter | China International Business
— cibmagazine.com.cn — The global financial crisis is far from over, and now a global economic crisis seems to be... unfolding. Recent economic data suggests that the global economy is decelerating rapidly. Even though the US Congress reluctantly passed the USD 700 billion ... (more) Nuclear Winter | China International Business

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Decline and Fall of Western Civilization:  the corporate bond collapse

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the corporate bond collapse
Decline and Fall of Western Civilization — ... whether that comes to pass -- or whether an asset collapse and capital flight from the united states forces interest rate increases and a defense of a freefalling currency, a la iceland, where ...

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