Category: News

Economy update - Recession Porn

These are some things that caught my attention in the past few days. I am really in a doom and gloom mood about the (economic) situation of the world. People have been referring to all the negative news and comments on the economy as "Recession Porn". Here is some to satisfy your needs:

  • Change Of Mindset - Andy Xie - Excellent read on the misconceptions about "stimulus"
  • John Mauldin - The Velocity of Money - Mr Mauldin is one of my favorite reads (every week)
  • Bubble, Bubble, Toil And Trouble -- TIME - Seems like very expensive real estate in Shanghai to me
  • John Lanchester · The Great British Economy Disaster - This sentence struck me the most: "It has been both the deepest and the longest downturn since records began. And yet, to be honest, it hasn’t quite felt like it." I feel a lot of people in the Netherlands share similar sentiments. This is probably the biggest crisis of our lifetime and yet we are still waiting for it to really hit us. Right now, everyone is starting to have this (false) sense of security again. I am in the camp that believes that we are only in the eye of the storm.

To close of, watch this short video on "off balance sheet" accounting. This sort of thing can really get me upset/angry. Especially in light of the recent stream of news events on Lehman Brother's accounting practices.

Frank Partnoy on Off-Balance Sheet Transactions (MMBM) from Roosevelt Institute on Vimeo.

  • Enjoyed this post? Please share it with others:
  • del.icio.us Favicon
  • Digg Favicon
  • Facebook Favicon
  • Google Favicon
  • LinkedIn Favicon
  • Reddit Favicon
  • Technorati Favicon
  • TwitThis Favicon

The true picture of the US Bailout

This video from MSNBC (Dylan Ratigan Show) sums up the true extent of the US Bailout very well. For those who believe that Obama is speaking the entire truth when he says: "We want our money back", this video should open your eyes. Oh, Politics! What a deceitful game they are playing on us (the ignorant public).

Visit msnbc.com for breaking news, world news, and news about the economy

  • Enjoyed this post? Please share it with others:
  • del.icio.us Favicon
  • Digg Favicon
  • Facebook Favicon
  • Google Favicon
  • LinkedIn Favicon
  • Reddit Favicon
  • Technorati Favicon
  • TwitThis Favicon
16 January 2010 • Economy, Finance, News, PoliticsComments (0)Permalink

Lessons we should have learned in 2009

At the end of 2009, I found this a good read. The article sums up the lessons that we should have learned from the past year very well. Unfortunately, I share the doubts that the author has about whether these lessons have come through with most people. In 2010 we might have to retake these harsh classes again.

Harsh lessons we may need to learn again - By Joseph E. Stiglitz (China Daily)

  • Enjoyed this post? Please share it with others:
  • del.icio.us Favicon
  • Digg Favicon
  • Facebook Favicon
  • Google Favicon
  • LinkedIn Favicon
  • Reddit Favicon
  • Technorati Favicon
  • TwitThis Favicon
31 December 2009 • Economy, Finance, NewsComments (0)Permalink

Visualizing the past decade: 2000-2009

Picturing the Past 10 Years: 2000-2009

From the NY Times: OP-CHART Phillip Niemeyer | Picturing the Past 10 Years

  • Enjoyed this post? Please share it with others:
  • del.icio.us Favicon
  • Digg Favicon
  • Facebook Favicon
  • Google Favicon
  • LinkedIn Favicon
  • Reddit Favicon
  • Technorati Favicon
  • TwitThis Favicon
31 December 2009 • NewsComments (0)Permalink
Page 1 of 1 pages