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Browsing Category
Economy
Vision, Tactics, and Stubbornness
Judgment or Experience?Many American citizens claim our President needs a strategy and a vision for the future. The most common complaints are about a lack of vision on the economy, health care and in our response to terrorism and the war…
The Cold War redux
Recently, I have become very concerned about the deteriorating geopolitical situation and its likely effects on the global economy. The Georgia-Russia situation produced a response from the U.S. to defend Poland with a missile shield,…
Personality type may decide elections
Voters in America are concrete, specific, and focused on the here and now by a margin of 3 to 1. To me, this has a real impact on the outcome of primary and Presidential races as candidates must speak in a way that resonates with those…
Bankrupt Roskilde’s shareholders argue over what to do
As you may recall, Roskilde Bank in Denmark was recently rescued by the Danish central bank as it fell prey to the recession in Denmark. However, shareholders there are still fighting to save the bank, pitting interested parties against…
The U.S response to Georgia is missile defense in Poland
The U.S. has decided brinkmanship is the way to deal with the Russians. Having seen Georgia overrun by the Russian military, Poland jumped at the chance to have a stronger U.S. defense behind them and so they now have it. Less than two…
US jobless claims look grim
US Jobless claims came out again today as they do every Thursday at 8.30AM. The numbers were not good, and give a clear indication of why the Fed will not cut rates in the face of 5.6% inflation. Initial claims came in at 450,000, moving…
US inflation at 17 year high
The U.S. inflation figures came out and they were worse than expected, pushing the annual inflation rate up to 5.6%. This is the highest inflation rate since 1991. Nevertheless, most economists greeted the rise, fueled by a 30% increase…
French economy contracted in Q2
This from BloombergThe French economy, the euro- region's second largest, contracted in the second quarter for the first time in five years as exports declined and companies cut investments. Gross domestic product fell 0.3…
Eurozone in recession as Germany contracts
It's pretty much official now: Europe is in recession. As I predicted late last month, the Eurozone has hit stall speed with Germany now reporting a fall in GDP for the second quarter.The German economy, Europe's largest, contracted for the…
Writedown news: 13 Aug 2008
Below are the latest writedown stories from the web that I have seen. For the full timeline of news, visit my credit crisis timeline. Bloomberg recently updated their tally of writedowns to arrive at $501 Billion to date. That is on the…