This is one of the finest explanations I’ve ever seen of the sub-prime crisis, and of market volatility in general:
This really is excellent. Very highly recommended even if you are not an investor.
(spotted via Calculated Risk)
"unemployed black man siting on a crumbling porch somewhere in Alabama..."
And what's wrng with this picture?
Posted by: seth edenbaum at November 13, 2007 08:32 PM