We are one month into 2009, and it is shaping up as one of the more dynamic years in my lifetime for geo-politics. As long as the economies around the world were expanding, everyone could be or pretend to be fat, dumb and happy. How that the global flood of easy money has evaporated, many […]
As mentioned in an early post, there are no clear signals that the global economy is skidding to a violent halt. This can only spell additional trouble for activist governments intent on conjuring up enough money to bluff the world wide credit implosion into submission. For the past two decades, the most prosperous nations on […]
Word comes today that we have the start of another bank run. This one is hitting the Hong Kong based “Bank of East Asia”. According to the BBC: The Bank of East Asia has denied rumours that it is in financial trouble, after thousands of customers queued to withdraw their savings. After weeks of global […]
Well, so much for containment! It seems that the banks in China were no smarter than the rest of the world, and became investors in the funny money structured investments backed up by questionable loans. From CNN Money: China’s banks feel subprime heat BEIJING (AP) — Shares in China’s banks fell sharply Monday after news […]
![Oil: irrational exuberance [updated 11/27/07]](http://andstillipersist.com/wp-content/themes/wp-prosper204/images/def-thumb2.jpg "Oil: irrational exuberance [updated 11/27/07]")
[UPDATED 11/27/07: Here’s an article from the CNN/Money web site that is raising the same issue: given current supply and inventory levels, there’s not much justification for oil approaching $100/bbl.] No, I’m not talking about whether or not the Peak Oil phenomenon exists, even though the Wall Street Journal seems to have jumped on the […]
At the beginning of the month there was a story in Reuters about distribution problems for fuel in China: China fuel crisis spreads Diesel shortages in China’s political heart, which escaped previous supply crunches unscathed, highlight tensions between the government and its increasingly independent oil firms about who should pay for the country’s generous fuel […]
First off, sorry to all for not posting for such a good stretch of time. If you have been reading my posts here, you know that I have been anticipating some significant changes in the status quo of the US economy. Last summer I started to get the notion that things were out of control […]
