Thursday, February 19, 2009

Billmon Explains It All

In a piece titled "Chocolate Covered Cotton," Billmon, of the late lamented Whiskey Bar blog, takes a deep breath and with electrifying clarity and razor wit explains the history of the financial bubble that is still bursting all over the American economy -- and the world's house of cards. As a former financial services journalist and a regular at the Davos World Economic Forums, Billmon has more reserves of knowledge and insight than your average Fox News bimbo (and more than your average MSNBC gasbag, as well).

Might want to pour yourself a stiff drink before you start reading.

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