K dropped in yesterday, just as Doom Castle was complete chaos. Links and tips were coming in via e-mail and the Reply box faster than we could handle, the sidebar was groaning, Igor was sending new posters and old hands into spam-jail left and right, and the MSM was publishing articles that could have stood as posts on HousingPanic. There was a lot of competition, but my vote for Friday’s signature event was the 2006 BBB subprimes chart cited in Aaron’s infamous Groundhog Day post [1] showing up again in this article [2] from the Economist of all places. Whether the contagion will spread is still hotly debated, but from the serious MSM perspective, significant subprime damage is, as they say, "in the bag."
