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Archive for the 'us and world economy' categoryLet Big Financial Firms Fail“If a big non-bank institution gets in trouble and threatens the whole system, there ought to be some authority that can step in, take over that organization and liquidate it or merge it — not save it. It’s called euthanasia, not a rescue.” Another real estate bubbleJust what the world needs: A housing bubble in China. Good local economic newsOkay, the nation’s unemployment rate remained depressingly high last month and the president of the Boston Federal Reserve Bank is warning high unemployment isn’t going away soon. Those are all causes for concern. Geithner: economic recovery won’t come quickTreasury Secretary Timothy Geithner says the U.S. economy has suffered a lot of damage in the current downturn and it’s going to take time before it fully recovers. Another double-dipperAnother economist thinks we’re going to have a double-dip recession — otherwise known as a “W” recovery. William White knows his stuff — and his opinion once again ties back to complaints that we still haven’t fixed the banking system, here and elsewhere across the globe. Who knows? ‘10 Bubbles in The Making’Here’s a fun one: “10 Bubbles in The Making.” Check it out. The most interesting (from a local perspective) are No. 7 (“The Subprime Bubble, 2.0″) and No. 8 (“The Life Insurance Securitization Bubble”). The Herald this morning has a story on the potential for a life-insurance bubble. Is there anything Wall Street won’t try [...] Is it a ‘v’ or ‘w’ recovery?OK, there are indeed encouraging signs that the housing market is improving a bit. The same goes for the economy in general, as layoffs at local firms appear to be easing. |