Pinchas Landau writes about Israeli and Global economics, finance and politics
Every now and again, it’s worthwhile touching base with reality – which, in the context of the global economy, means saying a few positive things about the United States. This is the case whether you think the global economy is going to recover over the next year or two, or suffer and even worse crash.
» Read moreA friend pointed me today (December 31) to the Pragmatic Capitalist site’s ‘Ultimate Guide to 2010 Investment Predictions and Outlooks’. Here the blog has “compiled many of the very best outlooks from various analysts, gurus, hedge funds and investors”, to use its own words. This is an admirable and useful effort, although I fear that the sentiment with which readers are […]
» Read moreIt’s worth keeping an eye on the American housing market – after all, that’s where the bubble developed and burst, and that’s where the big trouble began, eventually encompassing the entire economy and then the whole world. The problem is that, at any rate at first blush, it’s difficult to make sense of what is happening. There’s no need to […]
» Read moreIn recent months, the issue around which there was the greatest agreement in financial circles was the woeful state of the US dollar. The bon mot of the savants was that the American economy was in such a woeful state, and the increase in government debt underway and projected is so great that the greenback was effectively toilet paper. The […]
» Read moreLast year, even before swine flu emerged as the major health issue on the global agenda, the PIGS became a major problem. This was the acronym given to the four southern Mediterranean members of the European Union — Portugal, Italy, Greece and Spain – whose supposedly strong economies were exposed by the global crisis as suffering from severe structural weakness. […]
» Read moreNine months into what is already the strongest rally in equities (in the US and many other countries) ever to occur in such a short period, all economic and financial analysis is focused on what to expect for 2010. But Goldman Sachs (GS), always ready to outdo everyone else, has begun to publish forecasts peering beyond 2010 and into 2011. […]
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