Why the meltdown should have surprised no one

By akie

Peter Schiff is the clearest thinking American economist.

Recession just getting started

By akie

With all the supposedly good news about a new Depression-style recession having been averted, I’d like to point to some of last week’s headlines I would have thought impossible only two years ago:

• Hunger hits Detroit
• Two out of five working-age Californians jobless
• US families turn to food stamps as wages drop
• China alarmed by US money printing

… and we didn’t even get to hyperinflation yet :p

Google Wave

By akie

Quote:

Google Wave completely obliterates business models and entire verticals of companies left and right. You must watch this right now. At least the first 40 minutes.

This is amazing. Via Seth Godin

The times, they are a-changin’

By akie

Link to story - might be one of the most important political events in a long time.

Here’s a link to the Dylan song that inspired the title.Uncomfortably appropriate.

Surprisingly honest scammer

By akie

The decline of Detroit

By akie

A photo series on Time.com on the decline of Detroit. Picture above was taken by Yves Marchand and Romain Meffre.

Related: the $100 house

The credit crisis, visualized

By akie

A very nice video explaining the current credit crisis, by Jonathan Jarvis.

From creditofcrisis.com

The best stats you’ve ever seen

By akie

Hans Rosling debunks myths about third world countries with the best stats you’ve ever seen:

How Porsche made over €6 billion by buying Volkswagen

By akie

Porsche gamed the financial system and made a fortune:

Porsche’s move took three years of careful maneuvering. It was darkly brilliant, a wealth transfer ingeniously conceived like few we’ve ever seen. Betting the right way, Porsche roiled the financial markets and took the hedge funds for a fortune.

Full story