Economy

The following are the links regarding the global credit crunch that have been recently added to the Credit Crisis Timeline. The full timeline is accessible hereLatest Additions2008 06 18 Subprime Losses Top $396 Billion on Brokers'…

Bill Gross, Pimco's founder and Chief Inestment Strategist is bold. In the past, he has argued for extreme measures to bailout subprime, questioned the CPI and said a lot more over the past few years. Now he's calling for a President Obama…

The Vancouver Sun is on a roll today. They have another post on ICBC that makes for interesting reading. Frankly, I don't know what to make of it. But it makes for a good read. Chinese bank has market cap twice that of JPMorgan First,…

Peter Schiff, the investor and author, is a controversial figure. He tells of an America that has lost its way through shedding manufacturing and its habit of saving money. His conclusion is that the U.S. is not a place where he wants his…

"Bloomberg on the Economy" recently spoke to Nouriel Roubini, the oft-quoted NYU finance professor. He believes the U.S. is now in recession and that a global slowdown is in the offing. There are several other countries in recession or…

The chart below is yet another from Perot Charts. I have no particular message in mind with this chart except to inform my readers how the government gets and uses tax monies. One issue to note is the outsize proportion of taxes that…

WINFIELD, Mo. -- A makeshift sandbag levee holding back the Mississippi River failed early Saturday and authorities said part of the town was evacuated.From the Wall Street Journal.Winfield, 45 miles northwest of St. Louis, is in Lincoln…

Perot Charts is Ross Perot's attempt to reintroduce himself into politics in the US. From his standpoint, the U.S. is running an irresponsible fiscal policy that will only lead to ruin. His chart on the U.S. national debt, now over $9…

The news that income and spending in the U.S. economy has been resilient must be cheered as good (see news release here). It may result in our seeing a W-shaped recession as opposed to a U- or L-shaped one. The U.S. consumer is much more…

You kind of saw this one coming.Bloomberg News article here