Pinchas Landau writes about Israeli and Global economics, finance and politics
A friend who attended the annual meetings of the IMF and World Bank in Istanbul this week described the atmosphere amongst the central bankers, finance ministers and other grandees gathered there: “There was this strong feeling that – ‘at last year’s meetings we thought it was the end of the world and the entire financial system would collapse. We virtually […]
» Read more‘The second derivative’ is not a Robert Ludlum novel, nor an element of Christian dogma. As described here back in mid-April, it is an algebraic concept that became hot in economic circles last spring. Now it looks as though it is making a comeback, but this time it will be much less popular — because in the spring the second […]
» Read moreAnd location. That, famously, is what real estate is all about. Although this column discussed the ongoing slump in the American real-estate sector very recently, it’s worth looking at the topic again, this time from a global – and also from a local – perspective.
» Read moreAmong the many victims of the financial crisis are some of the most cherished and mostly deeply-entrenched beliefs about investing in general and investing in stocks in particular.
» Read moreThe headlines have been screaming that the Israeli economy is in recession — as if anyone needed to be told that. The reason why this is a news item is because the data for GDP growth in the first quarter of 2009 (published on 17/5) showed, to no-one’s surprise, that this key measure of economic activity shrank at an annualised […]
» Read moreThe original source of the global economic crisis was the housing bust in the US. It is now over three years since this began, as most of the key parameters of the residential housing sector peaked between late 2005 and the second quarter of 2006. The effects of that reversal began to be felt in
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