telegraph.co.uk - 11/18/2008
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Paul Volcker, the former chairman of the US Federal Reserve, has warned that the economic slump has begun to metastasise after a shocking collapse in output over the past two months, threatening to overwhelm the incoming Obama administration as it struggles to restore confidence.
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naked capitalism —
Colossus of Rhodes to be rebuilt as giant light sculpture Guardian Woolly rhino's ancient migration BBC Top judge: US and UK acted as 'vigilantes' in Iraq invasion Guardian Web Sites That Dig for News Rise as Community Watchdogs New York Times Volcker issues dire warning on slump Telegraph Rents forced down by glut of homes Independent Less to Pandit’s cost cutting than meets the eye Breaking Views In a weird world, yields on Tips point to deflation John Dizard, ...
Inflated Egos Next Bubble To Deflate
GoldSeek.com —
... correction / meltdown in global stock markets. (i.e. down 90% or so.) One of the more profound ironies about the situation moving forward is its surprising how dire warnings by highly respected authorities on the subject are being so easily ignored by the investing public, when historically, with circumstances manageable, unfounded warnings were generally well heeded. But this is what the moral hazard sponsored by unfretted central banking will do after long enough, where complacent attitudes on the part of investors will continue to compound the situation as equity ...
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The O Corps —
The Big Money 11/17/2008
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Lexington: How new a deal? —
The Economist: Full print edition 11/20/2008
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