The grand poobahs of the world’s economy are wringing their hands in worry over the three Fs, each its own kind of crisis: food, fuel, and finance. As usual, it’s the people at the margin (whether lending or with food) that are affected first when surplus turns to scarcity. Despite all the daily signs of abundance here in Australia, let us not forget that there are about four and half billion people on the planet who have little margin for error in their daily lives.
April 14th, 2008 | Dan Denning | 10 comments | ContinuedAll Posts Tagged With: "finance"
Those Who Toil in Finance are Unhappy
Subprime mortgages, liar’s loans, private equity finance, Chinese stocks, residential housing, SIVs, CDOs - they all needed more and more leverage, more and more finance, just to stay even.
February 18th, 2008 | Bill Bonner | 0 comments | Continued