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Economics
More Credit Default Swaps Means Trouble for European Debt
Government debt is no longer just a problem for emerging countries. Portugal, Spain, France and Greece (as we have seen in recent weeks) are living in fear of credit default. Consequently, the value of their credit default swaps is skyrocketing. Read the rest of this entry »
What Chinese Malls Tell Us about the Economic Reality
Investor expectations are decidely bullish right now, and many people expect an economic turnaround this year. What do the underlying economic conditions suggest? The Chinese mall "The Place" demonstrates the contrast between investor hope and economic reality. Read the rest of this entry »