Global Investing

from MacroScope:

Crisis? What Crisis?

November 18, 2009

The title of this post is taken from two sources. One was a headline in British tabloid, The Sun, in January 1979, when then-prime minister James Callaghan denied that strike-torn Britain was in chaos. The second was the title of a 1975 album by prog rock band Supertramp that famously showed someone sunbathing amidst the grey awfulness of the declining industrial landscape.

from MacroScope:

Small credit for big depression

April 15, 2009

It took some time, and a lot of downward corrections to IMF GDP forecasts, before the current global economic downturn won the title of 'worst since the Great Depression'.