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For Europe, Breaking Up Is a Hard Thing to Do

in Else/FP: Latest/Macro/The Process by

Everyone is looking with horror at Europe, waiting for the European Economic and Monetary Union to break up and for the PIIGS to start dropping like flies, taking the rest of the euro zone and the global economy with them. Unlikely! European monetary union was a great experiment that made a lot of sense on…

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$1.3 Billion Burj Khalifa 2.0 is Brilliant!

in China/Else/FP: Latest by

Earlier this week we saw reports that “Beijing authorities plan to build a “seven-star hotel” modelled after Dubai’s Burj Khalifa — the world’s tallest building — in a $1.3 billion joint project with Saudi Arabia.” Yes, the same building that symbolized Dubai’s $20-plus billion in malinvestments and required a bailout by Abu Dhabi. In Russian…

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South Africa’s Heartbreak And Hope

in Else/Feature-box - South Africa by

When I was invited to give a presentation in March about my book to South African CFA Society members in Cape Town and Johannesburg, to say that my expectations for South Africa were low is a tremendous understatement.   Click here to see pictures from this trip (opens PDF). Preparations included a visit to my doctor…

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