Category: Recession

From the unthinkable to the inevitable: Part 3, dodging the shrapnel

18 May, 2012 (10:17) | Capital markets, Currency markets, Euro, Europe, Global news, Greece, Recession, Sovereign bankruptcy, Speculation |

[Continued from yesterday's Part 2 and the preceding Part 1.]   By:David A. Smith   Yesterday’s post of the Financial Times‘s scenario of a Greek exit had reached the point of concluding that not only is Greece doomed to exit the Euro, there’s a better than even chance Greek will wind up with a military […]

From the unthinkable to the inevitable: Part 2, scattering the pieces

17 May, 2012 (11:54) | Capital markets, Currency markets, Euro, Europe, Global news, Greece, Recession, Sovereign bankruptcy, Speculation | 1 comment

[Continued from yesterday's Part 1.]   By:David A. Smith   Yesterday’s post using the Financial Times as a reference point had reached the conclusion that, bluster from Alexi Tsipras notwithstanding, the Eurozone’s financial leadership will not write another enormous open-ended check:   “The future of Greece in the eurozone lies in the hands of Greece,” […]

From the unthinkable to the inevitable: Part 1, breaking the crockery

16 May, 2012 (10:56) | Capital markets, Currency markets, Euro, Europe, Global news, Greece, Recession, Sovereign bankruptcy, Speculation |

By:David A. Smith   Nobody can see the cracks, can they?   After having wasted a perfectly good betrayal, after having winkled the Eurozone’s triumvirate out of several hundred million Euros of new financing, and after having shifted the Greek default risk from private banks (who have already learned that some animals are more equal […]

Can you say ‘Pruitt-Igoe’ in Chinese? Part 2, why they’re doing it wrong

10 January, 2012 (10:37) | China, Construction, Economics, Global news, Housing, Pruitt-Igoe, Public housing, Recession, Urbanization |

[Continued from yesterday's Part 1.]   By:David A. Smith   Judging from a recent Wall Street Journal (December 31, 2011) article, China’s political leadership has turned to affordable housing production as the cure for what may ail its stalling economy:   Two women examining unfinished high-rises, Chongqing   The slowdown in China’s growth is becoming […]

Can you say ‘Pruitt-Igoe’ in Chinese? Part 1, what they’re doing wrong

9 January, 2012 (10:48) | China, Construction, Economics, Global news, Housing, Pruitt-Igoe, Public housing, Recession, Urbanization |

By:David A. Smith   Affordable housing is hard enough to create when the goal is solely that of economically and socially healthy communities – but when production is undertaken to create construction and keep a supply-driven economy humming, the odds of delivering successful communities drop even further.  Unfortunately, if one believes the evidence gathered in […]