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561 ArticlesCommentary

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Anything that is too big to fail is too big to exist

The Quiet Coup by Simon Johnson (HT: Reader “KVV”) The crash has laid bare many unpleasant truths about the United States. One of the most ...

Matt Taibbi And The Goldman Saga

Goldman Sachs, in my opinion, has started its descent. For years, it has been out there, surviving crisis after crisis, managing to make tons of money and pay ...

NYT on the China-U.S. relationship

NYT: Will China Continue to bankroll the U.S.? Over the past decade, China and the United States have developed a deeply symbiotic, and dangerous, ...

Countries in Recession (updated)

Updated 17 May 09: Added Israel. Updated 15 May 09: Added France. Updated 19 Feb 09: Added Taiwan Updated 23 Jan 09: Added Britain. Updated 1 Dec 08: NBER Says ...

China Pushes Out the Dollar, Asks for Yuan

Xinhuanet: Yuan edges into place as international trade currency Buyers and sellers at the 105th Canton Fair in south China’s Guangdong Province are no ...

Amit Varma's "My Friend Sancho" Launching Soon

My friend Amit Varma has released his first book, My Friend Sancho. The Delhi launch is on Wednesday and I shall go. I’ve read a tiny part of it, and ...

Retaliation to U.S. Protectionism: Canadian Town Penalises US companies

John Ivison: Canada starts to feel the bite of new U.S. protectionism: President Obama’s American Recovery and Reinvestment Act includes a section that ...

Commercial Real Estate in the US: A time bomb? (Zero Hedge)

Zero Hedge does it again, with the One Trillion Dollar CRE Time Bomb. If I really wanted to trap the essence of that article I’d have to post it in full, ...

AIG funnelled taxpayer money to the big banks

From Zero Hedge: AIG, knowing it would need to ask for much more capital from the Treasury imminently, decided to throw in the towel, and gifted major bank ...

Retaliation: Mexico Imposes Trade Restrictions on American Goods

BBC: US law sparks Mexican trade row Mexico will impose higher tariffs on a range of US goods in retaliation for a “protectionist” law passed in ...