World Economic Forum: Seeing Light Through the Gloom in Davos – World Economic Forum: Davos 2010 – TIME

Posted by Matt in January 22nd, 2010 | no comment

Published in Economy, Forecasts, 2000s, Boom, Charles Roxburgh, Debt Overhang, Downturn, Drag On, Economic Terms, Excess Capacity, Expand 2, Forum Davos, Gdp, Gdp Growth, Global Economy, Gloom, Mckinsey Global Institute, Seven Years, Snapshot, Unemployment Crisis, World Bank, World Economic Forum

In strictly economic terms, it’s not hard to display a snapshot of where things stand now. After declining an estimated 2.2% in 2009, the global economy is projected to expand 2.7% in 2010, according to the World Bank. But recovery is fragile. Excess capacity continues to dampen expectations of growth, and the unemployment crisis in [...]

Dubai Downturn Sends Ripples Throughout Arab World – NYTimes.com

Posted by Matt in January 7th, 2010 | no comment

Published in Dubai, Arab World, Bedroom Apartment, Downturn, Dozens, Dubai, Economy, Family Members, Good Job, Jordan, Longing, Mahmoud, Nytimes, Palestinian Origin, Poor Neighborhood, Ripples, Salary, Tamimi, Wife Daughter

Mahmoud Tamimi’s friends call it the ”Dubai syndrome” — the insatiable longing for a city he loves but was forced to leave. Back in Dubai, the 31-year-old had a good job, nice apartment and a $3,700 monthly salary, dozens of times what he’d ever made before.
Then, early last year, the Jordanian of Palestinian origin was [...]

Why This Real Estate Bust Is Different – BusinessWeek

Posted by Matt in November 9th, 2009 | no comment

Published in Economy, Financial, 1960s, Apex, Billionaire, Blowup, Boom And Bust, Businessweek, Bust Cycle, Casualty, Commercial Real Estate, CommercialRealEstate, Downturn, Elkin, Fraud, Gold, Goldman, Housing Market, Investor, Property Price Index, RealEstate, Stratospheric Prices, Trillion, Unrealistic Assumptions, Wilbur Ross

Unrealistic assumptions, layers of investors, sky-high prices, and possible fraud will make it hard to clean up the mess in commercial real estate
It would be easy to write off this blowup as just another casualty in the regular boom-and-bust cycle of the $6.4 trillion commercial real estate market. But the Goldman deal, with its unrealistic [...]

How Wall Street Will Kill the Recovery – BusinessWeek

Posted by Matt in October 21st, 2009 | no comment

Published in Economy, Financial, Barrel Oil, Businessweek, Downturn, Economy, Excesses, Explosion, Federal Money, Gasoline Price, Oil Market, Oil Prices, Oil Report, Wall Street

Wall Street is taking much of its federal money and using it to again speculate in the oil market. That’s bad for everybody
Wall Street is up to its old tricks again.
One year later, one of the key excesses that led our consumer-based economy into an historic downturn is being abused in the [...]

A New Kind of Downturn – washingtonpost.com

Posted by Matt in August 17th, 2009 | no comment

Published in Economy, Financial, Credit Bubble, Downturn, Economic Recovery, Head Winds, Rubber Band

In other words, the downturn may be so severe, global and transformative that this time, the rubber band popped.
What’s different now? This downturn was caused by a breakdown in the financial system, and in the wake of a massive housing and credit bubble.
A New Kind of Downturn Brings Head Winds That Could Weaken Economic [...]

Oil – Hope and anxiety

Posted by Matt in June 4th, 2009 | no comment

Published in Economy, Oil, Anxiety, Barrel Oil, Brazil, China, Decades, Dollar, Downturn, Economic News, Economists, Emerging Economies, Global Supply, India, Norm, Oil Price, Oil Prices, Seven Months

THE price of a barrel oil went past $68 during the day on Monday June 1st, the highest level in seven months. Although this remains less than half the peak of last July, prices are likely to remain above the norm of the past few decades, lifted with every bit of cheery economic news and [...]

Chile – The Real Latin American Powerhouse

Posted by Matt in April 29th, 2009 | 1 comment

Published in Americas, American Political Leader, Banks, Boom, Budget Deficits, Chile, Chile Economy, Downturn, Finance Minister, Financial Crisis, Financial Irresponsibility, Foreign Currency, Foresight, Gdp, Global Financial Crisis, Government Programs, Gross Domestic Product, Investors, Latin American, Michelle Bachelet, Powerhouse, President Michelle Bachelet, Rich Copper, S Gross, Subsidies, Tax Cuts, Throng

Chile is the only investment-grade country to be upgraded by Moody’s since the financial crisis began almost two years ago. The ratings agency also boosted the foreign currency ratings of four major Chilean banks.
There are two reasons why Chile’s economy, while not exactly vibrant at the moment, has caught the eye of Moody’s and a [...]

Global Recession to Be Severe: IMF

Posted by Matt in April 17th, 2009 | no comment

Published in Economy, Financial, Downturn, Financial Crisis, Global Financial Crisis, Global Recession, International Monetary Fund, International Monetary Fund Imf, Post War, Rare Combination, War Period, World Economy

The recession gripping the world economy is likely to be unusually severe and the eventual recovery sluggish, the International Monetary Fund (IMF) says.
“The current downturn is highly synchronised and is associated with a deep financial crisis, a rare combination in the post-war period.
“Accordingly, the downturn is likely to be unusually severe, and the recovery is [...]

Thoughts on the Market Rebound

Posted by Matt in April 13th, 2009 | no comment

Published in Economy, Financial, 1990s, Call Option, Colleague, Dividends, Dow, Downside, Downturn, Economic Landscape, Economic Theory, Financial Crisis, Financial Markets, Global Financial Crisis, Investing, Investment Value, Market Rebound, Nether Regions, New Economy, October 24, Optionality, Robert Marcin, Target, Thestreet Com, Value Model

Watch Out For the Second Leg of the Downturn
by Tom Au
Do you think that the crash is over, as certain former bears do? This question arises as we have breached the first downside target, of Dow 7000, based on my proprietary investment value model, that was first published in thestreet.com October 24, 2007. It [...]