Sunday, February 22, 2009

The prodigal son returns...

Wow, it has been a full 7 months since my last blog post. A thousand apologies, and you can thank Captain Sycamore and Rynosaucerous for my renewed interest in commenting on the fucked up course that the world is currently on. And do you know who charted this course for disaster? Investment bankers and mortgage brokers.

Since I'm such a nice guy, I'll even provide some multimedia support for my claim.



This is a graph of the "Four Bad Bear Markets". The current crisis is the blue line while the gray line is the market values during the Great Depression.



And as a final note, this link is a FANTASTIC visual overview of what got us into the current crisis to begin with. If you're wondering what terms like "sub-prime lending" and "collateralized debt obligation" mean than just check out the quick video linked here.

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