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Monthly Archives: October 2009
Roubini: Risk of shock to commodity exporting countries.
This morning the market is euphoric again over news that the Bank of Australia chose to raise interest rates and declare the economic downturn a thing of the past. Too bad Canada didn't sell more of our stuff to Asia. … Continue reading
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Whitney: The credit crunch continues
Bank analyst Meredith Whitney shared a dim but pragmatic view on the prospects for economic recovery in a Wall Street Journal article last week: “Anyone counting on a meaningful economic recovery will be greatly disappointed. How do I know? I … Continue reading
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Capitalism versus democracy
This weekend we went to the latest Michael Moore movie: Capitalism: A love story. I find Moore’s work to be generally entertaining and of value where it provokes critical thought and discussion about the status quo. Any medium that helps … Continue reading
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