Monday, 9 February 2009




Short sellers give up
After posting huge returns in 2008, some short sellers are going long. 

Fannie Mae to lower refinancing standards
Most didn't think Fannie could get any dumber. They were wrong. 

Hugo Chavez claims the economic crisis hasn't touched Venezuela
Just one problem Hugo… inflation is running at 30%. 



Russians are turning to a barter economy
Even large corporations are trading production for food and underwear.

Wall Street analysts turn in another horrid year in 2008
"Analysts completely missed the boat again…"

Madoff has nothing on the real estate ponzi scheme
No other deal so clearly marked the top of the real estate market.