Nice info porn in the WSJ, comparing the relative size of past crises to the current mortgage debacle:
click for full size graphic
courtesy of WSJ
Fascinating stuff . . .
U.S. Mortgage Crisis Rivals S&L Meltdown
GREG IP , MARK WHITEHOUSE and AARON LUCCHETTI
December 10, 2007; Page A1
I have long respected and enjoyed Jim Cramer, but jeez, could he have possibly been any more wrong than this? Its one thing to be wrong about the future, but how about getting the present correct?
So Subprime Blows Up; So What, Says Cramer (Jim gives you the scoop on why the $500 billion market is no threat to
the market, even if it fully collapses. Added: July 16, 2007)
Geez, that makes 6,800 look good.