Day April 10, 2008

A black swan in the money market

Mish has charts and a detailed explanation. What’s striking to me is the amazing calm before the storm. That decreased volatility was like being in the eye of a hurricane, and somehow not knowing it. The short version of this…

Obama’s experience

“He didn’t have a lot of experience in running a presidential campaign, did he?” — Former Secretary of State Colin Powell, interviewed on Good Morning America, when asked if Sen. Barack Obama had enough experience to be president. Obama has…

Russia. Back to yesterday

“Russia has gone back to being a colony for former KGB agents, who’ve changed in name only — a fuel-rich colony for a small group of oil and gas merchants who give nothing of their riches to anyone living outside…