Thus far, the credit crunch has been seen as a Wall Street phenomenon understandably so given the Croesus-like sums that the big banks have frittered away.
After Google's IPO, some of its employees left the firm with Croesus-like sums of money raised by selling their stakes.
Croesus blames the somnambulant experts on Wall Street, who are supposed to know that GE is half a lending company and thus must be compromised by ruinous credit markets.
To put the record straight, Croesus has learned that former Treasury Secretary Henry Paulson tried to bring about bold aggressive and action that would have saved the markets from the meltdown of the summer and fall of 2008.
Croesus is fortunate to be on the receiving end of timely insights into the stock market.
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Croesus can't help thinking the equity markets are acting way too comfortable.
In retrospect, Croesus would be hard put to argue the bear market is over, the recession will be moderate and short, and the bottom has been seen in financial stocks.
Croesus thinks it is credible that regulators could have slowed the runaway train and limited the money-center banks from their reckless greed.
Welch gets Croesus' "worst game blamer" award for the week by unnecessarily sticking it to his successor in a very public, quite undignified and highly egocentric manner.
On that reasoning, if the retirement age came down to 25 we would all be as rich as Croesus.
Soros told Croesus this week that his returns were flat for 2008 and that he expects the bear market to resume soon.
Croesus first wrote about Markit in August 2007 (see "Profiting from the Meltdown"), in a story about how a few major firms created an index of subprime mortgages (ABX) and one for leveraged loans on their balance sheets that needed to be hedged (LCDX).
Croesus believes it was as clear an exposition as possible and far more useful than getting the scenario bit by bit, which is hard to digest clearly.
Croesus' oil guru thinks that Brazil's Tupi and Jupiter fields will be minor blips in the grand scheme of rising demand and diminishing supply.
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