Life in CrazyLand

German banks need recapitalisation of 127 billion

A bit geeky, but the bottom line is that a Europe-wide banking crisis may be just around the bend.  Such a crisis could put us back to the kind of global economic panic that we last saw in the last four months of 2008.  The question is whether capitalists even have the capacity to act in their collective self-interest.  I would guess not.