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Monthly Archives: October 2008
Demand destruction and asset deflation knock down inflation and commodities
After many months in denial, the world now believes that we are in the midst of the worst economic downturn in several decades. Since last December, demand destruction born of the global contraction has been hammering commodity prices across the … Continue reading
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Roubini clip: historical view of present crisis and solutions
Today I came upon this interview that Professor Roubini did October 14 for Bloomberg on similar themes. It gives a good update of recent market developments and his thoughts on likely outcomes from here. See: Roubini sees worst recession in … Continue reading
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Common sense saw the financial crisis coming
Jim Grant of Grant's Interest Rate Observer had a good article in the Wall Street Journal this weekend “The Confidence Game.”: “In disclosing plans to buy a quarter-trillion dollars of bank stock in the name of the American taxpayer, Treasury … Continue reading
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