Last week, after 30 hours of deliberation, the political leaders of 26 of the 27 EU member countries voted for recession. In the end they decided to sacrifice the short term well being of their citizens, in the expectation that … Read More
Category Archives: Recesssion
Western political leaders have recently woken up to the possibility that some time during the next 20 years, China may become the world’s leading economic power. Many in the United States and Europe are frightened. They see this as catastrophic … Read More
Once again we are approaching the annual bail-out season, that time of year when our bankers return to beg our governments for money.
Every year, it is the same institutions that come begging — Goldman Sachs, Citicorp, Bank of America. … Read More
My investments and I have not faired well. Every day I see my meager savings growing progressively more meager. In desperation I made an urgent appointment to discuss my concerns with my investment councilor. Three weeks later he finally found … Read More