links for 2008-10-13

October 13, 2008 in Links

• Why This 'Credit Crisis' Hits Everyone – WSJ.com
  The stock market has grabbed the headlines, but it is the reeling credit markets that will get the most government attention in its bailout efforts. Understanding the problems in the credit markets can help you get a better handle on what is driving the current financial crisis.
  These vast markets include everything from the trading of 30-year Treasury bonds to investing in securities tied to auto loans. In essence, the credit markets act as a vital lubricant throughout the nation's economy, helping businesses to operate and families to purchase a home or pay for college.
  (tags: economy crisis credit)
• Don't Panic – Forbes.com
  Even if the majority of businesses are fundamentally OK, that doesn't stop people from overreacting. Irrational exuberance on the way up and irrational panic on the way down are all part of market psychology.
  (tags: panic crisis economy)
• GM Plus Chrysler Equals Survival? – BusinessWeek
  GM shares have been trading at 50-year lows this week as credit rating agencies Standard & Poor’s (MHP) and Fitch Ratings both issued reports expressing concern that GM and Ford Motor (F) won’t have enough cash to last through 2009 if sales continue to fall. Since Chrysler is privately held, information available about its true financial condition is not known.
  (tags: GM auto cars economy business crisis)
• Absenthe « omnia mutantur, nihil interit
  A mans life must be measured
  only on his passing
  Consider me dead
  don’t hold me a wake
  judge my deeds
  find me guilty and exile me
  let the memory be a grain of sand
  in the eyes of the travelers
  who came so far
  to curse me at my grave
  (tags: poetry poem absence)