CIBC, another former employer of mine, has a very informative piece on the possibility of global decoupling:
Regardless of whether the US is already in recession, risks
on that score are clearly rising as the housing collapse
erodes household wealth and spending, and writedownsaddled
financial institutions tighten lending standards.
The rest of the world isn’t immune to the gloom stateside.
We [...]
I’m almost never censored at the Times. However, I was told that I couldn’t use the lede I originally wrote for my column following the 2007 State of the Union address, in which Bush made ethanol the centerpiece of his energy strategy: “Before the State of the Union address, there had been hints and hopes [...]
Robert Samuelson is not my favorite economist, but this editorial at Real Clear Politics is a must read:
Naturally, no politician acknowledges the self-evident implication: that recessions, though unwanted and hurtful to many, are not just inevitable; sometimes they’re also necessary to prevent the larger and longer-lasting harm that would result from resurgent inflation. Interestingly, many [...]
Stocks are in a bear market and no end is in sight. No, I’m not talking about the US stock market (via The Economist):
CHINESE investors had a rare opportunity for good cheer on Wednesday February 27th. The country’s two stock exchanges shrugged off Monday’s blues, when both indices dropped by about 4%, and gained a [...]
