Alan Greenspan has warned that US economic growth has stalled and a quick recovery is not likely. It is easier for him to make public statements like this now that his job performance does not depend on America’s economic confidence.
Category:3 The World of Money
Chaordic giant VISA to IPO
Visa, the trillion dollar credit card administration business, is to be listed on a stock market. It will be interesting to see if the innovative company structure designed by Dee Hock (Chaordic Commons) will be compromised by the listing. It won’t immediately. But the very nature of shareholdings is so fundamentally different from the member …
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Dealpedia – business deal info …
Michael Rbertson, founder of Linspire (formerly Lindows 🙂 ), has just launched Dealipedia – a business wiki for mergers, acquisitions, venture investments, IPO and other deals. Launching with nearly 20,000 deals, but also never before revealed info like how much Yahoo paid for Flickr, how much Google paid for Grandcentral and how much the founders …
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US employment down – a serious sign of slowdown
US employers cut 17,000 jobs from their payrolls in January, US Labor Department figures showed. Economists had been expecting a rise of 80,000. If this figure proves to be in line with actual events (after adjustments), it shows severe declines in economic activity in the US. There has been modest wage inflation over the past …
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US rates down again
The US central bank lowered rates to 3% from 3.5% after a two-day meeting. Last week, the Fed slashed the cost of borrowing by the largest amount in 25 years in a shock move to calm tumbling global stock markets. If you consider the double reduction over 9 days as one event, that’s a 1.25% …
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Market sentiment
Remember this from Kal of The Economist …
Time to panic?
It certainly feels like its time to panic as global share indicies crash. However, panicing, whether in stock markets or natural disasters, is never wise – you get crushed by the stampede. And those stocks you hold may be cheap now – so do some proper analysis before you liquidate, especially if you’re a long …
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How to win economically
Amory Lovins (a long time alternative technology guru) giving a presentation on “winning the oil endgame”. He shows a number of current technologies that can save money, reduce oil use and create jobs. It’s marketed to a US audience, but that doesn’t mean everyone else can’t get a head start. See the online video here.
Cutting the US interest rates is still not the answer
Yesterday the US Federal Reserve cut its base rate from 4.5% to 4.25% and the markets slumped. They had expected a bigger cut. While the rate reductions may ease the pain of interest payments, they do not address the fundamental problem of overconsumption fuelled by credit (further analysis here and here). In fact the reductions …
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Here comes another bubble …
Here comes another bubble … Excellent lyrics by the Richter Scales. Hosted by Yahoo Or if the feed above fails, try Google/YouTube link http://video.google.com/videoplay?docid=-383505050566643061