A massive loss of confidence in the foundations of property rights and rule of law has occurred. And this loss is having a devastating impact on the housing market, effectively locking up all those foreclosed homes that need to…
The International Monetary Fund cut its forecast for world economic growth, saying that the economic recovery will slow as governments cut their budgets.
The IMF cut its outlook for the U.S. economy to 2.2% growth in 2011, from a previous estimate of…
Despite the pessimistic taking hold, a growing roster of high-profile money managers are balking at at this theme, arguing that it’s wrong-headed and self-defeating. Plus, good money can still be made in the markets.
…
International bankers are hammering out the Basel III agreement, which will require banks to keep more capital in reserve relative to what they invest. It’s a good idea, and one that would cushion the financial system from the…
In a new article, political scientist Ian Bremmer and economist Nouriel Roubini assert that the free-market system of capitalism has been so damaged by the recent financial crisis that the West’s era of political and economic d…