SEOUL (Reuters) - Nouriel Roubini, the famously glum economist who predicted the financial crisis, said that while the recession in the United States may well be over at the end of the year, another dip
NEW YORK (Reuters) - The global financial crisis may morph into a second, equally virulent phase where borrowing costs rise again, hobbling an embryonic economic recovery, debilitating cash-strapped banks,
Fewer people getting fired, faster recovery, no stimulus... Doesn't sound half bad, actually.
[caption id="attachment_100000" align="alignnone" width="460" caption="Click through to the original graph"][/caption] Two facts that should give pause for thought. 1) Japanese data released on Thursday showed that exports fell yet again in July. They are down 39.5pc to the US, and 26.5pc to China. Japan is the world's second biggest economy. It lives on exports.
The economic and financial crisis of the last 18 months has transformed the global map of the world’s wealthiest people, with Europe nudging out North America as the richest region, according to a new report by The Boston Consulting Group.