Detroit is Toast

You don’t believe me when I tell you that Detroit, one of America’s most iconic cities is a dying city? Will you believe me when I tell you that in Detroit a palatial home that sold for $250,000 as recently as 2005 was recently sold for small change;...

Global trade sees worst fall in over 60 years

Global trade has suffered severely from the global downturn, falling by 12 per cent in 2009, the worst decline in over 60 years Pascal Lamy, the head of the World Trade Organization revealed Wednesday during a visit to Brussels. In March of 2009, the...

Is Capitalism Dead? Ahmadinejad and Munger think so

Iranian President Mahmoud Ahmadinejad said on Monday that dramatic change in world Share

2010 to witness devastating Food Crisis

According to a recent analysis by Eric deCarbonnel from MarketSkeptics.com, “overwhelming Share

Global Financial Crisis – The Road to the Pittsburgh Summit

It may surprise readers to learn that this World Economic Outlook sees global economic risks as having declined since our last issue in September 2006. Certainly this is at odds with many recent newspaper headlines and commentary, which have focused on...

The Financial Crisis Today, A “Recovery”? Far from it!

While the mainstream media outlets continuously bring up the talk of “recovery” Share

Iceland nearing collapse as economic crisis deepens

Iceland’s Finance Ministry slashed its forecast for gross domestic product (GDP) Share