Here you go folks. A couple good head out of the sand articles for your Thanksgiving pleasure.
Fubsy
Mish Shedlock, Global Economic Analysis: Dubai Defaults, Deflation in Action –Watched Pot Theory Revisited.
http://globaleconomicanalysis.blogspot.com/2009/11/dubai-defaults-deflation-in-action.html
Mish gives a killer summary of the risks of debt defaults across the developed world. Things are not so rosy in the financial sector.
Barry Ritholtz, The Big {icture: Fed Reserve Endorses Crony Communism for Wealthy
http://www.ritholtz.com/blog/2009/11/federal-reserve-endorses-communism-for-the-wealthy/
Another review of the powers that control the flow of money, and their self-serving ways.
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