Yes, the skies are rather dark (both in a physical and financial sense), but that's no excuse not to see the lighter side of things, as this joke Bloomberg story on Citi does the rounds.
I'll admit that having read it a couple of times, it suddenly doesn't seem so outlandish a possibility - a testament to the interesting times we live in. Perhaps Citi is taking too many lines of this blog at the moment, but it's a poster boy for the mess we're in.
Looking ahead, a government rescue is still a distinct possibility, but rebalancing a $2 trillion monolith would be a stretch to the best turnaround specialists, let alone the flat-footed troops at the US Treasury.
One thing that can be said about the Somali pirates is that they would bring some blue sky (or should that be water?) thinking to the situation. Given that all the classical fixes have failed, it would be no bad thing...and it distract them from nicking oil tankers for a while.
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Sunday links: not worrying about the why
5 hours ago
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