Why the meltdown should have surprised no one
Peter Schiff is the clearest thinking American economist.
Archive for the ‘economy’ Category
Jan
23
Sep
8
Recession just getting started
With all the supposedly good news about a new Depression-style recession having been averted, I’d like to point to some of last week’s headlines I would have thought impossible only two years ago:
- Hunger hits Detroit
- Two out of five working-age Californians jobless
- US families turn to food stamps as wages drop
- China alarmed by US money printing
… and we didn’t even get to hyperinflation yet :p
May
31
Google Wave
Google Wave completely obliterates business models and entire verticals of companies left and right. You must watch this right now. At least the first 40 minutes.
This is amazing. Via Seth Godin
Mar
25
The times, they are a-changin’
Link to story - might be one of the most important political events in a long time.
Here’s a link to the Dylan song that inspired the title.Uncomfortably appropriate.
Mar
23
Mar
13
The decline of Detroit
A photo series on Time.com on the decline of Detroit. Picture above was taken by Yves Marchand and Romain Meffre.
Related: the $100 house
Feb
22
The credit crisis, visualized
A very nice video explaining the current credit crisis, by Jonathan Jarvis.
From creditofcrisis.com
Jan
9
The best stats you’ve ever seen
Hans Rosling debunks myths about third world countries with the best stats you’ve ever seen:
Jan
9
How Porsche made over €6 billion by buying Volkswagen
Porsche gamed the financial system and made a fortune:
Porsche’s move took three years of careful maneuvering. It was darkly brilliant, a wealth transfer ingeniously conceived like few we’ve ever seen. Betting the right way, Porsche roiled the financial markets and took the hedge funds for a fortune.