As I said last October, all the money in the world can be poured into the banks, and it won't matter.
Here's a nice little article on the burndown of the CDO "market". We all like to pretend that there are markets, don't we? Otherwise, how can they be free?
We watch them, we watch us, Suckers of the Western World, losing all our cargo to magic. Magic. Magic.
Paper reactors and paper tigers
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(I wrote this piece a week or so ago, meant to do a bit more work but
haven’t got around to it. Hence slightly dated allusions) The culmination
of Donald T...
5 hours ago
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