Tiny infobits, huge shockwaves

economy

A sad tale, by Charles Munger (Warren Buffett partner)

Posted 25 February 2010 - 11:14am

This story can be applied to other economies in the world. Unless we dispose of the zombie institutions that are blocking the restructuring of our economies and societies, it will be very hard to come out of the mess we are in.

Also this article, about the widening income disparity, confirms what everybody knows.

The other way around. The US is following Europe's footsteps on this.

Posted 10 February 2010 - 12:43pm

This is an interesting article about the impact of unemployment on the American society. Being Italian, I know all too well what is going on:
- less opportunity for new generations coming into the job market
- increased risk aversion (once you get a job, you hold-on tight to it)
- less innovation in the economy because less young people are willing to take risks starting-up companies
- kids competing with their parents and sometimes with they grandparents in the job market

A broader look at our economic future

Posted 18 January 2010 - 5:11pm

If you think the financial crisis was created by the housing bubble in the US, then you should probably think better, says Jeff Rubin.