Calculated Risk at its best

Calculated risk is a must read blog.

I got onto to it around 2007 and thus had the benefit of knowing what was av=bout to happen but not expecting the depth of such a collapse to erupt right around the world.
Here is Tanta  explaining to all the problems of sub-prime.

Please note it rarely included poor people who couldn't afford the mortgage. Research by the Fed and all  Regional Feds have backed up this eerily prescient article.

I should add the head of credit research at Colonial First State was very impressed with the blog once I introduced him to it. When he resigned to holiday around Australia he asked me again for it.