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For Europe, Breaking Up Is a Hard Thing to Do
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.
$1.3 Billion Burj Khalifa 2.0 is Brilliant!
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.”
South Africa’s Heartbreak And Hope
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.
Signs of Global Growth Slowdown?
This weekend’s papers provided new signs of global economic slowdown. The first came from Japan. For the first time in 26 years – a long time – Japan became a net importer.
