Prudentbear.com Sovereign debt worries rattle investors “'The bottom line is that all those McMansions that were bought during this housing boom are going to go the way of the 1973 Lincoln Continental,’ Merrill Lynch’s David Rosenberg writes. The housing bubble was the most over-owned, overleveraged and oversupplied real-estate market ever, he says, and its unwinding will take years. The revival of consumers saving their money for retirement - rather than expecting their homes to provide the cushion - added with ‘move down’ buyers will depress real-estate prices, he says.” Dow Jones, December 20, 2007 by Doug Noland | Jan 22 What a difference a week makes. Uncertainty has engulfed U.S. and global stock markets. by Martin Hutchinson | Feb 1 Paul Volcker’s proposal that proprietary trading should be spun off from deposit-taking banks is a worthwhile step in the direction of stabilizing the financial services business. by Satyajit Das | Jan 19 In 1971, Ralph Lapp, a nuclear physicist, used the term "China syndrome" to describe a hypothetical nuclear reactor meltdown where the molten core breaches containment barriers and melts through the crust of the Earth reaching China. by Tom Au | Jan 25 Google – the epitome of the American Way Writers such as Shaun Rein, managing director of China Market Research Group, may have rightly characterized Google's pullback from China as an "act of war."Top News
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Thursday, 4 February 2010
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