We are a commune of inquiring, skeptical, politically centrist, capitalist, anglophile, traditionalist New England Yankee humans, humanoids, and animals with many interests beyond and above politics. Each of us has had a high-school education (or GED), but all had ADD so didn't pay attention very well, especially the dogs. Each one of us does "try my best to be just like I am," and none of us enjoys working for others, including for Maggie, from whom we receive neither a nickel nor a dime. Freedom from nags, cranks, government, do-gooders, control-freaks and idiots is all that we ask for.
This is the type of thing that causes runs on banks..Monday should be fun ... the FED can't monetize it's way out of this jungle because no one can value the sub prime derivatives. As the unravel in a monetary atmosphere of a falling dollar the world will be greatly tempted to delink from the US dollar and go elsewhere.......say China.
Thornburg says can't meet $610 mln of margin calls
Counterparties agree to freeze demands through Friday, company says
By Alistair Barr, MarketWatch
Last update: 4:23 p.m. EST March 7, 2008
SAN FRANCISCO (MarketWatch) -- Thornburg Mortgage said on Friday that it failed to meet $610 million of margin calls and its counterparties have agreed to hold off until the end of the day to give the company time to come up with a solution to its liquidity crisis.
U.S. payrolls fall by 63,000 in February
Drop in labor force moves jobless rate to 4.8%
New 'super-spike' might mean $200 a barrel oil
Goldman's projections foretell persistent turbulence in energy prices