Daily Archives: January 18, 2012

As the wealth gap widens, more consumers fall out of the consumption cycle, leaving the economy and housing markets increasingly fragile.  The BBC’s Michael Robinson investigates.  Listen to the radio clip here.

Addiction to Central Bank interventions, have left market participants complacent, unrealistic and weak-minded. Stocks have rallied 20% since October lows, based on intraday levels. But investor sentiment also has gained, and that’s a bad sign for contrarian investors. No one … Continue reading →

The World Bank warned developing countries today to prepare for the “real” risk that an escalation in the euro area debt crisis could tip the world into a slump on a par with the global downturn in 2008/09.  Moving its 2012 … Continue reading →