Follow
____________________________
Daily Archives: September 29, 2010
China still needs US consumption to keep their economy afloat
Each time I hear financial pundits declaring China's domestic demand as the new engine of the global economy today, I figure they must be smoking dope or desperately reaching for an investment thesis to sell. Contrary to popular hope, China … Continue reading
Posted in Main Page
3 Comments
Meredith Whitney on "The tragedy of the commons"
US States poised to be the next credit crisis: “The similarities between the states and the banks are extreme to the extent that states have been spending dramatically and are leveraged dramatically,” she said. “Municipal debt has doubled since 2000, … Continue reading
Posted in Main Page
Leave a comment
;
