Almost three years after the recession ended, where do we stand now, in terms of employment and investment?
Not much to cheer about.
(Graph courtesy of San Francisco Fed. )
Debt-deleveraging and its economic consequences.
The perspective from Japan – interview of Richard Koo of Nomura.
David Rosenberg shares his latest assessment of data points. He called another recession “virtual certainty”.
Interview of Roger Lowenstein, author of “When Genius Failed: The Rise and Fall of Long-Term Capital Management” and “Buffett: The Making of an American Capitalist.”
Link to the interview, about 45 mins. A good history review of what went wrong.