World Economy Archive

Unemployment hits 9.7%

That is higher than economists had expected. However the number of jobs lost, while high, continues to be “less-bad.”  What does it all mean?  As someone who went through the unemployment process this year and who knows lots of other people... (more...)

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Ford Chief Economist Ellen Hughes-Cromwick

Ellen Hughes-Cromwick made the case for Ford to concentrate on the emerging markets of Brazil, Russia, India and China (the BRICs) almost a decade ago. Her forecast was right on. Ford, the only major U.S. automaker to make it through the recession without... (more...)

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Stop Looking for Shoots

Enough with the search for green shoots. The Financial media is missing the point in its constant banter about green shoots. Yes there are green shoots, brown shoots, verdent pastures and drought-choked fields, but that isn’t the point. It is the... (more...)

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Taiwan: Does it still need the United States?

The short answer today is yes. But the question will continue to resurface as the relationship between Taiwan and China continues to get more cozy. The newfound warmth has developed over the last 365 days, or the first year of Ma Ying-jeou’s Presidency.... (more...)

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Chris Whalen on the Banks

If you think you are the smartest person in the room and you happen to work in finance, then you don’t want to see Chris Whalen walk in the door. Chris is one of the brightest minds on the street. He gets what has happened in the banking industry... (more...)

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Barry Ritholz: Power Struggle inside the Obama Administration

Barry Ritholtz is the CEO of Fusion IQ and prolific writer and blogger (The Big Picture Blog). Barry was one of the few pundits who didn’t buy into the “Golidlocks scenario” (the economy is just right) in 2007 and 2008. At the time... (more...)

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Former Fed Official Bill Poole

Dr. William Poole, former President of the St. Louis Federal Reserve Bank and target of the famous Jim Cramer diatribe, told me he and others at the Fed absolutely didn’t see the banking crisis coming. He said, “I missed it.” In an... (more...)

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Banking Mess: Solutions to Think About

Thursday I attended a terrific conference presented by the Global Interdependence Center. The 27th Annual Monetary and Trade Conference included an impressive line up of guests. Many who you will hear from on this site (check out the video section) thanks... (more...)

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Earth Week: New Laws Expected

With rash of hearings, bailouts, investigations and other such activities on Capital Hill, you may not have realized that legislation to help curb climate change is making its way through the U.S. House of Representatives. The U.S., following Europe’s... (more...)

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Martin Wolf of the Financial Times

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Missed Opportunity: Why weren’t the builders doing this during the boom?

Missed Opportunity: Why weren’t the builders doing this during the boom?

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Jim Rogers: Part 5 of 5

Famed investor Jim Rogers explains why he sold his NYC (before real estate prices tumbled there) and moved his family to Singapore. He believes raising his children in Asia will give them the upper hand.  Read More →

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Jim Rogers: Part 3 of 5

In Part 3 of Mary Caraccioli’s interview with Jim Rogers he talks about what opportunities he believes are out there for investors as a result of the banking crisis and recession.  Read More →

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Jim Rogers Part 2of 5

Famed commodity investor Jim Rogers talks to Mary Caraccioli in late November 2008. This is part 1 of 5. Jim was bashing the government bank bailouts long before most critics. He has remained consistent in that criticism.  Read More →

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Mary Caraccioli Interviews Jim Rogers: Part 1 of 5

Mary Caraccioli Interviews Jim Rogers: Part 1 of 5

Famed commodity investor Jim Rogers talks to Mary Caraccioli in late November 2008. This is part 1 of 5. Jim was bashing the government bank bailouts long before most critics. He has remained consistent in that criticism. This is one of Mary’s... (more...)

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Ashamed!

Yep that is how I felt after I lost my job. Yeah I know it wasn’t my fault, it’s the economy stupid. But I cover the economy, shouldn’t I have known to get out before they got me? If I was so great, wouldn’t they have found some way to save my... (more...)

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First Person: My Russia

By Mary Caraccioli If you don’t have time to sleep, then St. Petersburg in May is where you want to be. When you have 20 hours of daylight you can cram a lot into a day. Meetings with multinational executives, educators, entrepreneurs, a little site... (more...)

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