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Preach On Brother Mish

I normally try not to mindlessly propagate what other bloggers and analysts are saying, but Mish’s rant today is just too good to pass up. The tirade was sparked by some commentary by Bloomberg’s Caroline Baum, which was already pretty damning of the economic establishment to begin with:

Emanating Faults

The fault lines continued to spread outwards from the worst-of-the-worst in subprime today. New Century plunged around 60% on the latest news (finally — it was released Friday after the bell) and on analyst coverage suggesting the company could be in a “death spiral” (also finally — no explanation required). The company’s […]