Wall Street has a dead cat bounce one day, but returned to reality the next as more write-downs are revealed by banks and a big US state fund becomes embroiled in the subprime disaster, writes Glenn Dyer.
Home depot
The US stumbles… but it’s only the US
Funny thing about credit ratings agencies: instead of warning there’s a bomb inside the building, they have a marked tendency to subsequently examine the rubble and announce it’s not worth as much as it used to be.
