An important new post from Gail the Actuary at The Oil Drum. It's a measured look at the outlook for 2009 concentrating on the financial fundamentals underlying our industrial economy. Lots of valuable comments after the main article as well.
Also worth a look if you want to understand the crisis in world finance, this series on Youtube of easy-to-understand lectures in digestible chunks by Sal of Khanacademy. It clearly shows why the financial system is so vulnerable to collapse at the moment.
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