Category Credit crisis

America discovers that bailout will be used to pay Wall Street bonuses. Goldman big winner in government’s revised bailout of AIG. But maybe there is some justice, Goldman stock is tanking hard, with no end in sight. If it drops…

Deutsche Bank: GM stock will go to zero. Yes, zero. Regardless of whether there is a bailout. AIG gets bailed out again. Or is this just more plundering? The case for Larry Summers. He Gets Stuff Done and is extremely…

Little Shop of Horrors fractal. While fractals do have an underlying pattern, it can be difficult to discern what it is. Global Guerrillas on the differences between the current financial crisis and the Great Depression – Global and not national.…

Roubini: Next stop on global train wreck is China

Factories are closing in China at an alarming rate. Owners are disappearing, leaving workers owed months of back pay. By the end of the year, over 100,000 factories will have closed. The Chinese bubble has popped. The possibility of major…