Financial crisis hits horse breeders Financial Times
The hottest recessionary activity in town Lucy Kellaway, Financial Times. Even though demand is up, I still suspect the number of trades is down, since money tends to lubricate this sort of activity.
Back at Junk Value, Recyclables Are Piling Up New York Times
Ben’s still dancing… Models and Agents. Ouch.
Krugman: US Auto Industry Will Probably Disappear Huffington Post
Oil Bulls Won’t Like the Answer to Saudi Arabia’s Production Equation Wall Street Journal
Hedge Fund Withdrawals Accelerate Wall Street Journal. Hedge fund selling pressure will continue, but should be less disorderly than what we saw in October.
Is Lehman CEO Dick Fuld the true villain in the Wall Street collapse? New York Magazine (hat tip reader Martin). Way too Fuld friendly, and contrast it with the Vanity Fair piece below, but fills in some gaps.
When Lower Mortgage Rates Don’t Boost House Prices Felix Salmon
Wall Street: Profiles in Panic Michael Shnayerson, Vanity Fair (hat tip reader Martin)
Antidote du jour: