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Daily Archives: December 29, 2008

Minsky Moment in a nutshell

PIMCO’s Paul McCulley gives us a nice graph on Minsky moment:


China: Reverse Brain Drain

Following my last post on China’s hunting for the Wall Street talents, NY Times had another report: “Chinese financial institutions, in a reverse brain drain, are looking to recruit from the ranks of recently laid-off finance sector employees”.

How Iceland Collapsed

Icelanders borrowed over 200% of their income, and in foreign currencies. Many countries in Eastern Europe have the similar problem.