January 23, 2009
Great new Jeremy Grantham quarterly note out from GMO. Highlights include a lucid discussion of what I’ve been calling “the new normal”, what a post-crisis world looks like in terms of leverage, debt, corporate profits and growth. He thinks we...
Apparently $265-billion annually is going missing from world trade and investment flows. Wonder if there is a reward? Nevermind. In 1996, the year before the Asian financial crisis began, economies designated by the IMF as emerging, developing and newly...
I’m on Time’s list of best 25 financial blogs (TIME) Expect the World Economy to Suffer Through 2009 (RGE) Can we have stimulus and responsible fiscal policy (Morgan Stanley) Haunting photos African immigration to Europe (Boston.com) The pirates/global warming...
File this in the “Oh, now you tell me” file, but a study of excess wages in the financial sector over the last 100 years is interesting stuff. The money graph (ahem) is the following one: Gosh, that doesn’t look...
This seems almost too bizarre to be true: Indians flee Dubai as dreams crash Mumbai/DUBAI - JAN 14: It's the great escape by Indians who've hit the dead-end in Dubai. Local police have found at least 3,000 automobiles -- sedans,...
Jim Chanos of Kynikos in an FT video interview, saying that the banks are already de facto nationalized, and they're (my précis) cheerless, duplicitous weasels. Click to watch....
Geithner warning on Yuan may renew U.S.-China tension (Bloomberg) “Be Nice to the Countries That Lend You Money” (The Atlantic) Roubini and Albert Edwards think China is going to take S&P 500 much lower (Bloomberg) Pfizer in Talks to...
