News Round-Up: 28 Jul 2008

IMF sees no end in sight to credit crisis - FTBBVA boosted by expansion in U.S. and China - FTFormer Google engineers unveil new search engine - National PostCommodities such as oil could be the latest bubble about to burst - Roger Bootle,…

Canadian housing hits the wall

Canada is one of the last bubble markets to hit the wall. Buoyed by the commodities boom in the west, Canada looked set to keep on an upward path even while its largest trading partner, the U.S. had already started to see a bust. But,…

The Big Mac Index

"The Economist" has developed the Big Mac Index as a way to determine if currencies are overvalued or undervalued. The thought is that a McDonald's Big Mac being pretty much the same everywhere around the world, one should expect the cost…

Ten predictions for 2008

With 2008 now half over, it's obvious that the global economy has lurched to the downside. While many have remained unrealistically optimistic about the workout of the present credit crisis, downside risks have been the determining factors…

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