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.
On Losing our Collective Minds….
49 minutes ago
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