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September 16, 2008

an extraordinary episode

Financial Crisis, History & Society, In Other Words

(Reflections on the first era of true globalization, complete with bountiful trade, unparalleled upward mobility, liquid labor markets, secure international travel, and a blissful ignorance of the fragility of this new 20th Century World Order…)
Excerpt from Economic Consequences of the Peace by John Maynard Keynes, 1919
What an extraordinary episode in the economic progress of man [...]


Filed by The Editor on September 16th, 2008

September 7, 2008

the elusive bottom

Finance & Economics, Financial Crisis, In Other Words

(Even market cheerleaders are struggling to find good news to rally around these days. With labor, capital, finance, real estate, and consumer markets all reeling from a half-decade of credit-fueled gluttony, and commodities markets cresting near all-time highs, it might seem a bit clichéd to highlight yet another bearish commentator — unless that bear is [...]


Filed by The Editor on September 7th, 2008