Posted by Davy on December 18th, 2007 in Worth Reading (links to articles, etc.)
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There is a great editorial in today’s FT by Wolfgang Munchau. It’s one of the first mainstream sources to assert (others have brought up the question) that we face a solvency crisis and that central bank efforts to boost liquidity are futile. Munchau then gives some reasonable estimates to the UK housing market correction and none of it looks good.

On another note, with the holidays upon us, I’ll probably be taking it easy until the New Year. I am massively behind on my reading and would like to catch up a bit.

Also, I’m thinking of consolidating this blog and the website into one source (probably this blog). Any thoughts, suggestions? Email me or leave a comment. Thanks for reading and happy holidays, folks!