As you might guess, I’ve been following the Queensland floods with a mix of shock and concern. Yesterday, I received this email from a friend. He does a great job explaining the magnitude of the crisis from a personal perspective:

Editors Note: Last weekend at Thrillerfest, I had the great pleasure to spend time with Peter James, best-selling author of the Roy Grace detective novels. We compared notes, police versus finance, and Peter described the market for human body parts.
Organs don’t trade on public exchanges. But neither do synthetic CDOs when you think about it. It’s a fascinating topic, and Peter agreed to share his research notes for Dead Tomorrow. His latest Roy Grace novel, Dead Like You, will release in the United States on November 23.
The E.U. is getting tough with member nations according to The New York Times. Strong warnings to Germany, France, Spain, Italy, and the Netherlands. Get your your budget deficits in order, or else…. Excuse me if I don’t buy it. Here are three things you must know about the E.U.’s track record:
Market Defies Fear of Real Estate Bubble in China A real estate bubble, fueled by bad loans and too much leverage, explains much of our stock market’s turmoil since 2008. So today’s article from The New York Times on the Chinese edition, caught my attention. Here are a few of the sound bites: Last year, [...]
Will US taxpayers bail out foreign financial institutions to defend themselves?