Month October 2008

Economic news. Brace yourself

Global markets in ‘black swan’ event. The Bloomberg Financial Conditions Index is now at nine standard deviations from the norm. “It’s way off the scale, a one-in-billions chance,” said Marriott, a fellow of the Royal Statistical Society. “This is absolutely…

Credit crunch humor

How Barclays might tackle the credit crunch (Mirror UK) From Mirror UK and Calculated Risk (especially in the comments), gallows humor on the financial crisis. Q: What the difference between today’s investment bankers and pigeons? A: Pigeons can still make…

McCain connections to anti-Cuban terrorists

Havana Note: Now, in the heat of the final days of the election, it seems that the media are giving Senator McCain’s own connections to convicted domestic terrorists, in this case Cuban-American terrorists, some equal time. Slate: McCain’s campaign and…