Summing Up The Economy
This step-by-step cause-and-effect article starts with the pension funds and ends with full marshall law.
The Prophetic Jim Cramer
A year ago, Cramer flipped out on TV and they said he was nuts and overreacting. Now banks are going belly up. The craziest part is the last thing he says is a crack about Washington Mutual, which is expected to possibly go under by the end of the year.
Trading Places: How They Beat the Dukes
Unwittingly in honor of the supposed “Black Monday” we’re supposed to have today (though is seems the DOW is already recovering…), I watched Trading Places today out of sheer boredom/procrastination. It occurred to me that I still have no idea what the fuck happens during the climax of the movie on the stock exchange floor. So I looked it up and, lo, apparently I’m not the only who didn’t have a clue. Lucky for us, we have the internet to explain things for us. It’s actually pretty ridiculously interesting and all very much real-world economics — no hollywood crap.