I know this has been around for a long time, but I think this is a very elegant animation and description of the problems we face:The Crisis of Credit Visualized from Jonathan Jarvis on Vimeo. … [Read more...] about Credit Crisis Explained
Archives for February 2009
With the $700 billion here, $75 billion there numbers that weâ€™ve been constantly bombarded with as consumers, eventually it all just sort of passes over us like â€œoh, thatâ€™s a lot o money,â€ without anyone real concern as to where the money is coming from and the potential ramifications of introducing said money into the economy. The source of all these bailouts, aid … [Read more...] about Are We Running Out Of Money?
Mortgage Insider - Banking industry reports first loss in 18-plus years Huffington Post - Citigroup-Government Stake Deal Could Come As Soon As Today: Wall Street Journal Deal Journal - The Next Jamie Dimon and Sandy Weill: â€˜Saint Ossie' at UBS vs. Dougan at Credit Suisse Calculated Risk - Obama Budget: $250 Billion for TARP II Housing Wire - FDIC Completes Structured Sale … [Read more...] about Afternoon Quickie 02/26/2009
The American Institute of Certified Public Accountants issued a report last week saying donâ€™t expect any improvement until 2010 at least: â€œany economic recovery will begin six months later than previously expected.â€ By contrast the National Association for Business Economics put out a report this week saying, â€œeconomic activity is expected to turn up in the second half … [Read more...] about CPAs v. Economists: Who do you believe?
The Big Picture - Attack of the Zombies ! Housing Wire - Record Jump in Non-Agency Jumbo Prime Foreclosure Starts: Report Mortgage Insider - House expected to pass mortgage â€˜cramdown' bill Naked Capitalism - AIG Breakup LIkely Mish's Global Economic Trend Analysis - Bernanke's Boiled Frog Plan To Recapitalize Banks … [Read more...] about Morning Quickie 02/26/2009