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Reaching the outer limits
Several key trends suggest the West will soon reach the limits of economic growth. Chief among these is the declining supply of fossil fuels and the inability of markets to foment alternative energy sources.
Read more...Deborah Hargreaves
The appointment of the risktaker par excellence Bob Diamond at Barclays throws down the gauntlet over banking reform If anyone had any remaining doubts about the resurgence of the City's wheeler dealers, today's appointment of Bob Diamond to lead Barclays should remove them. As another banker – HSBC's Stephen Green – prepares to join the government as trade minister, Barclays has elevated its ...
Read more...Guest Post: The Prosecution’s Case Against Alan Greenspan
Submitted by Gonzalo Lira The Prosecution’s Case Against Alan Greenspan Should Alan Greenspan, the former Chairman of the Federal Reserve Board (1987–2006), be tried for Crimes Against the Economy, put up against a concrete wall, handed a cigarette, offered a red blindfold, and then executed by firing squad? Yes—absolutely. No question. (And this coming from an anti-death penalty , anti-abortion ...
Read more...Crowne Plaza Lead Investor Says Bankruptcy Filed To Protect Mortgage
'We Are Here For Full Business. The Hotel Is In Good Shape,' He Says The owners of the Crowne Plaza hotel filed for bankruptcy protection as an emergency measure to prevent a "hostile takeover" of the delinquent mortgage, and intend to remain open, the lead investor said.
Read more...Home Prices Rise in June, But...
The Case Schiller numbers are the gold standard for tracking housing prices, but it is very tardy data.
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