Bloomberg economics editor Tom Keene talks about the growing deficit in the US economy. The current account deficit in the US seems to have dropped? Could it be partly the reflation trade? Who knows, but this is certainly amazing news, it is hard to say why it caught so many people off guard, and the fact that it did means perhaps there is much we have to learn about financial crises and the indicators that go with them.
This interview with Charlie Rose is with the well known expert Richard Posner about his new book ‘A failure of capitalism’ it is a clip really worth watching. He covers some excellent ground, granted its a little vague on numbers but the big picture view is very in tune with the world economy.
I was at a meeting last week and the topic of ‘what I read’ came up, I spend on average, about six hours a day reading, granted that is not always books, it can be blogs, websites etc.
The sites that I like are listed, in no particular order below, some are article driven, others are debate/forum driven.
The Economist Financial Times Calculated Risk Across the Curve Credit Writedowns Irish Economy The Property Pin Politics.ie NewDeal2.0 BreakingNews London School of Economics John Mauldin’s Investor Insight (ezine/weekly letter) VoxEU Raging Bear
If you do a google search for any of these sites you’ll find them with ease and they are all sources of very interesting information