Slowdown in the service sector. What do you expect ? Tightning of credit leads to reduction in demand, which equates to an economic slowdown. Add in the real estate slump and the inability of consumers, to use their homes like ATMs and you have a recession dead ahead.

More on the subprime blowup . And people couldn't see this coming ? Seriously, if you could breathe, you were entitled to a home loan. With all those marginal consumers getting home loans and equity lines of credit, an accident was waiting to happen. And this is far from over. The worst is yet to come.

Oil prices extend decline. Makes sense since global growth is slowing, based on the economic data we have seen and oil prices are likely to pull back, with a reduction in demand. However I do not see oil prices falling below $40 over the next 12 months.

Is he going to be the poster buy for the leverage buyout excess of the 2000s ? With a cover on Fortune the chances are pretty high.

This could go a long way in displacing the US as the world's technology leader. If the brains no longer want to come here, the chances are the next great technology companies, will be conceived in Bangalore, rather than Silicon Valley.

The restatements continue.Lucky for me I am short RIMM. Could all these restatements be a result of option related expenses or could fradulent accounting be playing a part ? I wonder.