• 2007: The Trillion Dollar Bear

    2 monthes ago - By Calculated Risk

    CR Note: Gone hiking! I will return on Thursday, Oct 4th.
    In December 2007, most analysts were still dramatically underestimating the probabe losses for lenders and financial institutions.
    Here is an article from the WSJ quoting a crazy blogger: How High Will Subprime Losses Go?
    The global race is on to find the best phrase to describe the housing and credit mess. The U.K.'s Telegraph quotes an economist who says it “could make 1929 look like a walk in the park” if central banks don't solve the crisis in a matter of weeks.
    The report cites the recent prediction from Barclays Capital that...
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  • 2007: Tanta Changed the Blogging World

    2 monthes ago - By Calculated Risk

    CR Note: Gone hiking! I will return on Thursday, Oct 4th. Another post on Tanta!
    Every finance and economics blogger owes Tanta a debt of gratitude. Before Tanta wrote the following essay, newspapers would "borrow" ideas and subjects from bloggers, and never mention the source. In March 2007 - with a powerful essay - she changed the way the main street media treated bloggers.
    In the week following publication of this piece, Tanta or myself were mentioned in just about every major newspaper in the US!
    Sadly the media has trouble distinguishing between informed commentary and nonsense...
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