THREE major themes come to mind with regard to the Murdoch empire’s scandal.
First, Rupert Murdoch’s power and credibility has taken perhaps an irretrievable knock in the UK, while his reputation has been severely damaged in the US and … Read the rest
GLOBAL stock markets have rallied sharply because of the promise of yet another bailout of Greece. Despite the euphoria, the massive private and public-sector European debt overhang is as serious as ever. The threat of contagion, leading to one or … Read the rest
The article below was written in December 2010 prior to peaking of most commodities in the first quarter of 2011 (see TABLE below). Despite market volatility and investment bank soothsayer spin, the article hasn’t dated. Prices, of course are different … Read the rest
June 2011 Predictions are a waste of time in today’s volatile global markets. Rather than follow usually wrong central bank prognosis, economists’ forecasts, chartists’ configurations or charlatan soothsayers, it is safer to assess the situation on the basis of what … Read the rest