Boom to Bust

Two weeks ago, this column suggested that the commodities boom might be over and noted indicators supporting that contention. What was a nebulous maybe two weeks ago looks a lot more solid today. Indeed, with regard to several critical items, the extent of the price falls has gone well beyond any normal ‘correction’ and looks suspiciously like a collapse. In […]

» Read more

Shaky

An excellent indication of the sorry state of the global economy is the degree of scepticism regarding any seemingly positive development. Examples abound, but here are a few outstanding ones: Oil: a fall of some $35 in the price of a barrel of oil, from the July peak of $147 to around $111-112 earlier this week, is surely good news […]

» Read more

Spreading the woe

Everything is relative, even crises. So after a year of being the epicenter of both the housing and financial crises and feeling their impact on its economy more than any other country, America is now facing the prospect of seeing its position improve. Ideally, that would happen by ‘things’ – various measures of economic activity – actually getting better. Unfortunately, […]

» Read more

Is it over?

Anyone following the global financial markets over the past week or ten days will have been sorely tempted to believe that a dramatic and far-reaching change in the global economy was underway. After all, if share prices — especially those of battered banks and clobbered construction companies — shoot higher by tens of percent in a week, then maybe the […]

» Read more

Mouse-hole

It’s not sensible to lend a lot of money to someone who has little or no regular income and who also has few if any assets. The reason it’s not sensible – for those readers not well-acquainted with financial matters – is that if the borrower has no income he will be hard put to meet his payments on the […]

» Read more
1 79 80 81 82 83 86