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With the fall of Wall Street it's not too much to say we're at the beginning of a new economic order. How will the rest of the meltdown unfold? Is the real economy next? What will the new Wall Street look like? Is this the end of a U.S. uni-polar ...
The 25% plunge last week in the Baltic Dry index is not good news for those hoping for a mild recession in the global economy. The index measures the cost of shipping raw materials by ocean tanker and is considered a leading indicator of the direction of the world economy. ...
Policy actions, such as the setting up of a Resolution Trust Corporation, should in time stabilize the banking crisis. However, the knock-on effect from the financial turmoil is yet to be fully felt on the economy.
A reader writes asking for help finding a real-estate agent who can sell her house in a down market. “I have been trying to sell my home since Christmas without much luck,” she explains. “Unfortunately, the agents have been unhelpful: everyone wants the listing but not the work.”
Some observers say the Federal Reserve is once again over-stimulating the economy because real interest rates are negative (they don’t compensate for the loss of purchasing power). Rates that low encourage people to borrow and spend rather than save and invest. And when people do invest, they are driven into ...
The current edition of Canadian Business Magazine has a feature titled “The Power of Innovation” with a ranking showing that we are number 7 out of 25 in 2007 when compared to the world’s largest economies. (See rankings at www.canadianbusiness.com/countryrankings). This remains unchanged from 2006. So how much money has ...
Ok, he didn’t. At least not yet. But maybe he should. The dustup on the Democratic campaign about which candidate really, really, really, really hates NAFTA (and which one just really, really hates it) has got me wondering when Lou Dobbs started writing speeches for Hillary Clinton and Barack Obama.
Today the main Indian exchange, Sensex, has stopped trading after dropping more than 11%—and that’s after a big drop yesterday. In Hong Kong, the Hang Seng opened down 5.4%. Europe was a nightmare, too. In the States, Nasdaq opened down 5% after a holiday yesterday, and the Dow immediately shaved ...
Well, the superb job numbers released last Friday once again impressed headline writers around the country, as employment rose and the economy posted yet another 33-year low in the unemployment rate.