Economics Update

In terms of market stability, Carlyle Capital share prices have tripled after Carlyle Group co-founder David Rubinstein said that it was looking at ways to compensate investors.

I'm not sure how much it means. The collapse of Carlyle Capital, that was so yesterday....hold it....it actually WAS yesterday.

Today, it's Bear Stearns, which gets its own thread for reasons of personal ego.

Inflation in February was 0%, largely due to some moderation in food and energy, which won't happen in March, given that oil is still at around $110/bbl, and the dollar is still tanking.

In insurance, it appears that losses are approaching the levels of Katrina, though we are probably less than 1/3 of the way through this.