Links for Thursday, December 27, 2007
- Blog Oh! Blog: Top 10 Javascripts for Image Manipulation – “Did you ever want to add a lens to your page which will let you zoom into the images. This script will let you do that and much more using two versions of your image.“
- Wall Street Journal: Wall Street Wizardry Amplified Credit Crisis – “Critics say the cross-selling reached such proportions that it artificially propped up the prices of CDOs. Rather than widely dispersing exposure to these mortgages, the practice circulated the same risk among a relatively small number of players.“
- Times Online: Villains Aplenty But Few Heroes In Sad Tale of Debt Tragedy – “In the unfolding story of our debt crisis, we have reached the dramatic apex. We are poised at the moment of tension, not quite sure if the ending will be sad or happy. We have victims aplenty, even if some of them are simultaneously the villains of their own story.“
- Nourel Roubini: The Latest Macro and Financial News Strongly Signal Recession Ahead – “The latest macro and financial news confirm that the US is headed towards a hard landing – specifically a serious recession – as a vicious circle of worsening real fundamentals is perversely interacting with severely worsening financial fundamentals and a severe liquidity and credit crunch.“
- New York Times: This Is the Sound of a Bubble Bursting – “Creative finance lubricated the developing boom, making it easy for buyers to take on more mortgage debt than they could otherwise handle, driving prices skyward. Each upward burst brought more investors — some from as far as California and Europe, real estate agents say.“