News round-up: 27 Aug 2008

China and AsiaSo, the Olympics are over. What now for China? Despite the recent news of China's need for an enormous stimulus package, Asia is still doing relatively well - far better than either Europe or North America. Sovereign Wealth…

Time to get positive

It's time to get positive. A good friend of mine from Toronto was telling me today how depressing the drip-drip of bad news regarding the economy, the markets and housing is becoming. The housing bust has been going on for nearly two…

Case-Shiller Time Machine: June 2008

The S&P/Case-Shiller housing index is out for prices for June 2008. So, it's that time of the month again -- let's play the Case-Shiller time machine game. Basically, prices in the U.S. housing market have been falling for about two…

PIMCO message to clients on Roskilde

PIMCO, the brainchild of Bill Gross and now owned by the German insurance giant Allianz, is concerned enough about the bankruptcy of Roskilde Bank in Denmark to have sent the following e-mail out to its clients. I have put important parts…

The Housing Bubble and Bailout

The past few weeks I have been chronicling how Europe is fast catching up to the United States in terms of the magnitude of the housing bust and its effects on its economies. I'd like to turn back to the United States and Northern…

Barack Obama: candidate profile

As the Democratic and Republican Conventions have begun, most Americans are going to get political overload as they are inundated with a media blitz by the U.S. presidential candidates and the inane trivialities of our media-driven…

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