Wednesday, December 3, 2008

The Grand Illusion of Global Liquidity, Part 2 - MSN MoneyCentral

The Grand Illusion of Global Liquidity, Part 2 - MSN MoneyCentral
An accepted article of economic faith is that failure of economic co-operation, resurgent nationalism and trade protectionism (for example, the Hawley-Smoot Act) contributed to the global financial crisis of the 1930s. The slowdown in central bank

More from Christian Science Monitor: - Yahoo News
Can (or should) Obama be another FDR? Regarding the Nov. 24 Opinion piece, " FDR saved capitalism – now it's Obama's turn": If author Robert S. McElvaine really wants President-elect Obama to save capitalism, then he should suggest that the first

Free-market Thinkers - New American
With bailouts and other unabashed socialist projects being embraced by both political parties to "save our economy," has free-market economics been proved faulty? In the bailout-a-week political climate, it is all too easy to believe that free-market

Woolworth into administration - bbc
I have learned that Woolworth, one of the UK's best known and oldest store groups, will tonight file to go into administration under UK insolvency procedures. The board will meet at 6pm to take the formal decision. Deloitte will be appointed as

Oil tumbles below $51 a barrel - Globe and Mail
Mark Cooper from Toronto, Canada writes: I am vastly confused and I imagine many Toronto and indeed Ontario motorists must be regarding the price of gas in the GTA. The price of oil continues its downward trend and yes the price at the pumps has gone

The Hyper-Inflationary Trigger - Nolanchart.com
In a fiat monetary system, there will always be a balancing act between inflation and deflation since the money must be manipulated by the central banking system. It is however, very rare for a fiat system to suffer from deflation because of the very

The nationalisation of credit - bbc
As I said boringly and monotonously on Monday, before during and after the pre-Budget report, the overhang of excessive debt accumulated in the boom years remains the biggest problem for the UK economy and for the world. The past, current and future

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