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Cory’s Chart Corner
Humans just repeat the same old themes decade after decade. Today there is far more debt to service, thus greater financial impact on spending. Ask Walmart's CEO if he's noticed any change in consumer behavior while the U.S 10 years hits 5%.
Don’t forget in April of 2007 10 year hit 5.3% and by October of 2008 they were 2%.
Monthly Archives: July 2012
Euro zone exit should be secretive and quick
Roger Bootle, director of Capital Economics and the Winner of the Wolfson Economic Prize, has set up a plan for a euro exit strategy, which in his opinion should consist of secret preparations which should be acted on quickly. The … Continue reading
Roubini on facts that must be faced
New York University Professor Nouriel Roubini discusses “greedy” bankers, the euro-zone crisis and risks facing the global economy in 2013. “Nothing has changed since the financial crisis. The incentives of the banks is to cheat – doing things that are … Continue reading
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Time to speak truth
In the wake of the bank rate-rigging scandal, Bob Diamond, Barclays chief executive, announced his resignation from the post with immediate effect, on Tuesday. The first step to fixing the financial system is to be brutally honest about exactly how … Continue reading
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