The Economy’s Search for a “New Normal” (Thanks to Richard S. for the link.)
Currie sent us this: Europe in deepest recession since War… “…The declaration was made as it emerged that Europe’s biggest economy has now suffered a worse “lost decade” than Japan and is deeper in recession than any other major economy.”
Also from Currie: Japan – Major banking groups report massive losses
Items from The Economatrix:
From the French think tank: When The World Steps Out Of A 60-Year-Old Referential Framework
As Detroit Crumbles, China Emerges as the Auto Epicenter
Don’t Count On China to Rescue the World Economy
Was The Bank Bailout Even Necessary?
BofE Makes 1 Billion Pound Profit Off of Financial Crisis Worst financial crisis in modern history = biggest profit in BofE’s 300-Year History
Companies Face Higher Derivatives Hedging Costs
Time to Get Out the Wheelbarrows? Another Look at the Weimar Hyperinflation “It was horrible. Horrible! Like lightning it struck. No one was prepared. The shelves in the grocery stores were empty.You could buy nothing with your paper money.”
Goldfingers Wonder When to Switch to Assets
Japan’s Economy in Record Plunge