As the crisis in the US deepens, we hear frighteningly little analysis of the geopolitical fallout of credit destruction. Naked Capitalism’s Yves Smith reminds us all that the stakes are very high in this absolutely must read synthesis of the current economic contagion’s affect on global trade imbalances. Yves explains, in stark terms, how China could be the nation most at risk of repeating a 1930s style US depression, while the US and Europe face different challenges.
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About The Unwind
The Great Unwind is a call to civic action by and for the layman. A platform for knowledge as a basis for activism, here is documented the rise of neo-conservative ideology and neo-liberal corporatism, the collapse of the housing bubble, the financial panic of 2007-08 and the massive deleveraging of the shadow financial system, within the larger context of social and political upheaval that is forever changing Our World.
God Save the Republic.
Must Read News
- Germany warns of 'Lehman' crisis if Greece defaults - Telegraph
- NNDB Mapper: Tracking the entire world
- Freddie Mac CFO found Dead of Apparent Suicide
- Struggling US towns print their own currency - Telegraph
- China calls for the reign of the dollar to end - Telegraph
- The Mark-to-Market Babble Continues : HousingWire
- UK House prices 'could fall by further 55 per cent' - Telegraph
- Obama: Another $750 Billion Needed for Banks
- Democrats draw up plan for second stimulus bill - Telegraph
- China Home Prices Fall by Record on Slowing Economy - Bloomberg
- FT Alphaville » Prospects for US high-yield debt grim
- CDS: The Equity Connection Today
- Option ARMageddon » More Debt Won’t Stop the Great Unwind
- Shiller - A failure to control the animal spirits
- Talking Points Memo | Stimulus Will Come Up Short
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