Daily Archives: June 18, 2013

The cure for asset bubbles: eventually you run out of buyers

Beijing is hoping that building more cities will create wealth for its people but as CNBC’s Eunice Yoon reports, it’s also fueling a debilitating rise in property prices. Here is a direct video link.

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Flying into the future without gas or pilots

Self-sustaining vehicles are the future of transportation–believe it or not. Bloomberg reports from the Paris Air Show on a French aerospace firm that is developing a drone that could fly people and cargo across the ocean, powered only by the … Continue reading

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Roach on US economy, Fed policy and China

Stephen Roach, a senior fellow at Yale University and former non-executive chairman for Morgan Stanley in Asia, offers some cogent thoughts on Federal Reserve policy, the U.S. economy and the Federal budget. He also speaks about China. He has been … Continue reading

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The truth about aggressive return assumptions and reaching for yield

Last week Detroit outlined its plan for necessary financial restructuring in bankruptcy. The emergency management team reviewed the cities public pension plans and found that the combined underfunding totaled $3.5 billion for the $2.77 billion Detroit General Retirement System and … Continue reading

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