UPDATE: Links fixed

My good friend Dan Hachey does a lot of reading and is kind enough to circulate those articles he finds interesting. I will be posting his contributions as they arrive. Enjoy!

Next stage of the financial crisis?

http://www.telegraph.co.uk/finance/financetopics/recession/5373334/SandPs-warning-to-Britain-marks-the-next-stage-of-this-global-crisis.html

I guess the previous story is an eerie intro to the following video clip. I sent out a link to this print story yesterday, where President Obama, in a recent C-SPAN interview, states “…we’re out of money…”.  Fast forward to minute 13:34 to get an idea of the state of affairs of the economy….

http://www.youtube.com/watch?v=znZkxN0Ks0M

This makes too much sense…sounds like a disciple of David Rosenberg’s….role reversal: employment as a leading indicator…….too much focus on credit supply, not enough on credit demand….this is very much worth reading

http://www.financialsense.com/Market/wrapup.htm

The real ugly truth about European banks…scroll down for the article….

http://www.highyieldblog.com/2009/05/european-banks.html

This should be of great assistance in preventing the worsening of the economy…

Excellent read….Great Depressions are so Methodical…

http://www.howestreet.com/articles/index.php?article_id=9582

British Banks Revolt against Obama Tax Plan: Unintended Consequences…

http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/5374095/British-banks-revolt-against-Obama-tax-plan.html

Different thinking: A New Economy

http://www.wired.com/culture/culturereviews/magazine/17-06/nep_essay