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James Grant, editor of Grant's Interest Rate Observer, has a terrific book out entitled "Mr. Market Miscalculates". It's a well ordered collection of his articles on the housing and credit bubble back to the late 1990's. Very well written and quite funny in paces. He needs to be added to the list - in a senior position.

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But the real suprise was when US housing weakness caused damage in all sorts of seemingly random, far flung places, knocking unexpected companies into insolvency and freezing up credit markets as the entire financial system, globally, lost confidence in itself. Who thought that major US financial giants would be blown to bits within months by the eventual fall in housing? Anyhow, we now have five known Dr. Dooms. thanks for sharing!!

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  • The Stalwart is a blog written by Joseph Weisenthal, covering such topics as stocks, business, economics, politics, technology, gambling, chess, poker, economics, current events, music, math, Chinese food, science, randomness, kurtosis, sports, evolutionary fitness, and anything else of the author's choosing. The words contained herein are the author's own, not affiliated with any other firm or employer.