Endowment Funds Sinking

Money Matters blog has a very good in depth analysis of how the endowment funds of our nations major research universities, Harvard in particular, are falling victim to the current chaos with funds.

Scarily enough, the author of this analysis points to a worrying fact that has become a part of life:

All the world stock markets except for China, fell today. This wasn't a tremor of fear, it was a near universal panic. A classic panic. Friday, it will either be resolved via a soupcon of lies and funny number crunching or it will continue. I think the need to pretend nothing is wrong is still very strong. Everyone will clutch at straws so the tiniest good news like the Apple iPhone, will cause hysterical outpouring of joy.