Fintag Comment Fintag (hat tip reader Richard). Excel is the cause of the crisis. No, seriously.
Suze Orman Says Build Up Emergency Cash As Much As Possible Consumerist. Zeitgeist watch.
Dissecting the A.I.G. Bonus Contract Steven Davidoff, New York Times
Steeling for 80% export drop Shanghai Daily (hat tip reader Michael). The Baltic Dry Index has also fallen 20% in the last five days.
Slaughtering sacred cows: it’s the turn of the unsecured creditors now Willem Buiter. The one point where I think he is wrong is in his assumption that the US has anything approaching a regime for winding up a Goldman or Morgan Stanley, but that’s not central to his argument.
Credit Booms and Prices Slide Caijng Economics (hat tip reader Michael). More questions about credit growth in China.
I know the chances are slim, but is there anyone who works for AIG that can tell us what the hell is going on internally? Reditt. I have no idea whether the response is legit, but given how rambling it is, my hunch is yes.
Antidote du jour (from the Times Online):
Kasper, right, a three-month-old white lion cub, plays with zookeeper Nadja Radovic’s hair in the lions’ enclosure at Belgrade Zoo, Serbia. The cub, an extremely rare subspecies of the African lion, was born on December 9 in Belgrade Zoo. White lions are unique to the Timbavati area of South Africa and are not albinos but a genetic rarity