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Tag Archives: markets
China’s New Silk Road Economic Belt
Eight jarring quotes from a recent Salon article by Pepe Escobar, a correspondent for Asia Times, suggest to me that China is going to fly past the United States as the preeminent global power–perhaps as early as a decade from … Continue reading
California’s Financial Woes: Paradise Lost?
According to Clusterstock today, California is in trouble. Serious, serious trouble: California officially has a drop-dead date now. State Controller John Chiang told Arnold Schwarzenegger last night that the state has 50 days before it hits a financial meltdown. And Clusterstock quotes … Continue reading
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Tagged business, California, economics, economy, markets, Politics, real estate, stock market, technology
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Don’t Buy Yet?: Yale Economist Robert Shiller Thinks the Housing Market is Only Halfway to Its Bottom
Yale economist, Robert Shiller, thinks we are only halfway to the bottom of the housing market, and, in consequence, that the economy’s general recovery is still 3-5 years off. See a five minute interview with Shiller, and a chart that he … Continue reading
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Tagged depression 2.0, economy, Great Depression 2.0, housing, markets, real estate, robert shiller, wall street
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Bank Run Time?: Are Bush and Paulson Presiding Over an Economic Damn That Is About to Break?
Is George Bush Herbert Hoover, and Henry Paulson Thomas Lamont? See Nouriel Roubini’s latest, and sobering, take on the possibility of a bank run here.
Posted in Uncategorized
Tagged 1929, credit cards, economics, George Bush, Great Depression, Henry Paulson, John McCain, markets, Politics, Sarah Palin, Thomas Lamont, wall street
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Prometheus Unbound 