Looking at the chart of 1 day DOW movement, it would be hard to say that we are in one of worst financial crisis. The significant feature of this crisis, when people write about it , would be that of a volatility based crisis where vol is created by government regulations, panic etc.. ~500 point increase in DOW on a single day…and we are in a financial crisis!!!! Who says markets are predictable ?

A list of hedge Funds which blew up in the subprime crisis, the big ones..Small ones are too many to fit a list I guess. Link: http://hf-implode.com/

Ever heard of the term Norm Entrepreneurship !! Business that fills the gap of social norms! Here is an example … Via Tyler Cowen : One of the hottest bars in the Chinese city of Nanjing sports only a sofa, a few tables, and tissue paper - a lot of tissue paper. The AFP news service reports that the city’s first “cry bar,” where customers can sit and cry for $6 per hour, is growing in popularity.

Are we living in a matrix ? Link 1 , Link 2 , Link 3 , Link 4