This Time is Different: Eight Centuries of Financial Folly

Posted by Matt in January 25th, 2010 | no comment

Published in Financial, Forecasts, Amazon, Careful Reader, Centuries, Country Basis, Euphoria, Financial Crises, Financial Fragility, Financial Markets, Folly, Friedman, Governments, Greed, Indebtedness, Periodic Bouts, Periods, Reinhart, Rogoff, Sums, Temptation, Woes

This Time is Different
… Reinhart and Rogoff have catalogued over 250 financial crises in 66 countries over 800 years and then analyzed them for differences and similarities. This is a VERY sobering book [Get it at Amazon.Com]. It does not augur well for the developed world to blithely exit from our woes. The book gives [...]

Chongqing’s Mafias Expose Grave Woes in China’s Legal Apparatus – The Jamestown Foundation

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

Published in China, Crime, Big Time, Chinese Communist Party, Chongqing, Collusion, Evil Forces, Jamestown, Jamestown Foundation, Judiciary, Law Enforcement Resources, Level Decision, Local Media, Mafias, Megacity, Organized Crime, Politburo Standing Committee, Syndicates, Time Criminals, Triads, West China, Woes

The ongoing campaign against triads, or Chinese-style mafias, in the west-China metropolis of Chongqing is the largest such operation since 1949. Yet what renders this so-called “anti-triad tornado” (fanhei fengbao) so disturbing is not simply that close to 3,000 big-time criminals have been nabbed by authorities, the Chongqing disaster has laid bare the full extent [...]

CIT Woes: Will Bankruptcy Restart the Financial Crisis? – TIME

Posted by Matt in July 16th, 2009 | no comment

Published in Economy, Financial, Bankruptcy, Barney Frank, Blogged, Crisis Time, Democrat, Economic Recovery, Economy, Failure, Fears, Financial Crisis, Flock Browser, Global Financial Crisis, House Committee On Financial Services, Investors, Layoffs, Losses, Massachusetts, Representative Barney Frank, Small Businesses, Woes

If you have followed the 10-month crisis even minimally, you will know the fears that CIT’s failure are fanning again. Analysts say insurers and other large investors could be hit with hundreds of millions of dollars in losses. Small businesses say they could be cut off from credit. That could cause more layoffs and further [...]

World Agenda: Putin’s grand gesture cannot hide Russia’s woes

Posted by Matt in June 10th, 2009 | no comment

Published in Economy, Russia, Anger, Business Leaders, Denunciation, Discontent, Economic Crisis, Financial Crisis, Flames, Global Financial Crisis, Grand Gesture, Grievances, kremlin, Mr Putin, Pikalyovo, Potent Cocktail, Revolt, Russia, Unrest, Woes, World Agenda

It is a potent cocktail that has the Kremlin fearful that discontent in an anonymous town such as Pikalyovo could spark a wider revolt.
Hence Mr Putin’s furious denunciation of Mr Deripaska — long seen as the Kremlin’s favourite oligarch. The broader message he sent to business leaders was that they would be held responsible if [...]

Not Another Real-Estate Crisis: Commercial Mortgages Next?

Posted by Matt in May 1st, 2009 | no comment

Published in Economy, Financial, Billions Of Dollars, Collapse, Commercial Mortgages, Commercial Real Estate, Commercial Real Estate Market, Economy, Estimates, Financial Crisis, Financial Meltdown, Global Financial Crisis, Housing Market, Loan Conditions, Real Estate Market, Vicious Cycle, Woes

Two years after fissures in the residential housing market gave way to a national collapse of home prices and sales, experts warn the next shoe to drop is the commercial real-estate market, bringing more woes to the battered economy.
Thousands of commercial mortgages valued at hundreds of billions of dollars are approaching a renewal date. [...]

The whiff of contagion

Posted by Matt in February 26th, 2009 | 1 comment

Published in Economy, Europe, Financial, Account Deficits, Almunia, Berlin Wall, Boris Groendahl, Catastrophe, Christian Science Monitor, Chuck Missler, Confidence, Contagion, Currencies, Currency Woes, Depositors, Eastern Europe, Emerging Europe, Eurozone, Financial Crisis, Foreign Currency, Global Financial Crisis, Globe And Mail, International Herald Tribune, New Train, Paymaster, Recessions, Robert Marquand, Shareholders, Stress Tests, Weak Point, Western Banks, Whiff, Woes

Eastern Europe’s woes are not unmanageable. But they are not being managed. The result could be catastrophe
Contagion could happen in many ways. One is if depositors lose confidence that their savings are safe.
Another weak point is where shareholders take fright.
For now, the most likely source of contagion is collapsing currencies.
Read More…

The bill that could break [...]

The Credit Crisis Hits Russia

Posted by Matt in October 8th, 2008 | no comment

Published in Russia, Black Sea, Bush, Challenges, Credit Crisis, Crimean, Europe, Financial Crisis, Foreign Investors, Global Financial Crisis, Jockey, New Energy, New World Order, Pipeline, Power Struggle, Russia, Sea Rise, Tensions, Ukraine, Woes, World Energy

Foreign investors are fleeing, bank lending is down, and growth is slowing in Russia. By Jason Bush more…

Crimean Power Struggle: Russia and Ukraine Jockey in the Black Sea
Rise of the Rest: The Challenges of the New World Order
‘Russia’s Energy Weapon’: German-US Tensions Grow Over Baltic Pipeline
Oil, Interrupted: Europe Grapples with Russia-Georgia Woes

Outside View: Russia’s air defense woes

Posted by Matt in July 11th, 2008 | no comment

Published in Military, Russia, Aerospace Defense, Creation, moscow, Russia, Russian Government, Russian Territory, weapons, Woes

It will be impossible to shield Russian territory unless Moscow policymakers promptly settle organizational issues as regards the aerospace-defense system’s creation and unless the Russian government starts mass-producing the required weapons.
Read More…