Today, Monday, Geithner of the US Treasury will put forth the "rescue plan" that will "save the US economy". Problem is, there really is no way to save the economy - not as such an economy as it has been for the past 20 years at least.
This housing based credit bubble has been the largest credit bubble ever. The crash in the economy will therefore be, and actually IS already, the largest crash ever. To try to prop it all up with hundreds of billions of US taxpayer money is just plain silly.
The reason I'm interested - and you too should be interested - is that the theory of decoupling (the theory that it doesn't matter what happens in the US, the rest of the world will continue to trade with each other or internally and will not be affected) has been proven utterly wrong. Everything is connected, and the better I, and YOU, know the real deal, the better we can prepare for what will come.
Here are some links to my favourite pages to keep track of what's happening. Have a look, have a loooong good read, and make your choice.
Ticker Forum, Mish's Pages, The Big Picture, Calculated Risk.
Showing posts with label links. Show all posts
Showing posts with label links. Show all posts
Monday, February 09, 2009
Friday, December 22, 2006
Weird stuff
Seasons greetings all around. Prompt? Quite.
For the festive season, for when you are slightly bored with "taking it easy" and "kicking back and relaxing", but it's not yet late enough for you to say "ok I'm off!" and head down to the pub - here's a couple of odd things.
First of all, the moving thingees. Look at the dot in the middle, move your head backwards and forwards (and by all mean, use a webcam to broadcast it all over :).
Secondly, a pretty funny clip. Helps if you know Swedish, though.
Thirdly, on a slightly more serious note - for every aspiring writer, a really good forum to get a feedback on your stuff. And I mean, every aspiring writer has been saying for the last 3-4 months that "oh, it'll be good to take some time off 'round Christmas and really get some writing done". We ... eh, I mean, THEY never do, however :) The forum is created (I think) and supported by Orson Scott Card, so there's quite a level of professionalism involved as well.
Right, Merry Xmas!
For the festive season, for when you are slightly bored with "taking it easy" and "kicking back and relaxing", but it's not yet late enough for you to say "ok I'm off!" and head down to the pub - here's a couple of odd things.
First of all, the moving thingees. Look at the dot in the middle, move your head backwards and forwards (and by all mean, use a webcam to broadcast it all over :).
Secondly, a pretty funny clip. Helps if you know Swedish, though.
Thirdly, on a slightly more serious note - for every aspiring writer, a really good forum to get a feedback on your stuff. And I mean, every aspiring writer has been saying for the last 3-4 months that "oh, it'll be good to take some time off 'round Christmas and really get some writing done". We ... eh, I mean, THEY never do, however :) The forum is created (I think) and supported by Orson Scott Card, so there's quite a level of professionalism involved as well.
Right, Merry Xmas!
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