A lot of the value in Apple has come from the ineptitude of other companies and the passion and willingness of early adopters to spend huge money. There are inherent… Read more »
“We have a family that is spending $38,200 per year. The family’s income is $21,700 per year. The family adds $16,500 in credit card debt every year in order to… Read more »
In The Quiet Coup Simon Johnson, former chief economist for the International Monetary Fund (IMF), says that the current financial crisis resembles on a larger scale the sort of messes… Read more »
Wired tracks down the actual mathematical formula used by the investment bankers and credit rating agencies to wreck the economy. Maybe it’s unfair to blame David X. Li, who did… Read more »
Greg Newton dug up a series of photos that seems to do a nice job of explaining the system.
Michael Lewis, the author of Liar’s Poker, delivers a blow by blow account of the final days of the subprime bubble, from the viewpoint of some people who not only… Read more »