What a day! Old Doom friend Doug Armknecht just dropped by with his new 30 minute long video update and continuing analysis of the housing boom around Billings Montana. Doom has the embed below, but for best results Doomers should visit Doug’s site. Doug’s work is gorgeous, as usual, and provides an invaluable look into one of the trailing regions participating in America’s historic housing boom.

It’s already Tuesday in New South Wales and blogger OSO is drinking coffee and trying to make sense of the insanity which went down while he and his mates were asleep. This show has got to be reaching a climax, but while each day seems crazier than the last Doom will continue to look for perspective anywhere we can.   Berserk Market Behaviour by OSO     Bloomberg: U.S. stocks staged the biggest rally in seven decades on a government plan to buy stakes in banks and a Federal Reserve-led push to flood the global financial system with dollars. The…
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I’ll leave it to Doomers to try sorting out the misquote in old Doom friend Bill’s title. In any case he lets a lot of interesting stuff slip in the course of this long political tirade.   “Throw Out Your Dead!” by Bill Maloni   (This blog is long, but I think worth it. Lots of detail, mixed with my controlled rage, especially at the end with the index which puts a lot of McCain/Bush “ BS-exposing” info in one place.” Maloni) “Throw out your dead” is a line made famous in Monty Python’s classic movie, “The Holy Grail.” But…
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SAT Question dropped through a worm-hole into last week: Question: Which one of the following is an actual news story? "Nobel winner Krugman says world may escape collapse" "Financial Planner Advises Shorter Life Span" "Treasury to Invest in ‘Healthy’ Banks, Kashkari Says" "Waste Management drops bid for Republic"  

Hegel remarks somewhere that history tends to repeat itself. He forgot to add: the first time as tragedy, the second time as farce" — Karl Marx THE ORIGINAL     THE SEQUEL  

Old Doom friend, Montreal-based economist Rodrigue Tremblay, is allowing us to re-post this thoughtful article that explores the origins of the present crisis and suggests what must be done in the immediate future.  Both Twist and I suspect that his prescriptions are closer to a practical plan than the ad-hoc improvisations we’ve seen coming out of Washington lately.   Monday, October 13, 2008   Anatomy of the American Financial Crisis: How It is Turning into a Worldwide Crisis by Rodrigue Tremblay "The basis for optimism is sheer terror." Oscar Wilde   [After the March 2008 Bear Stears bailout] "As more…
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