The chart at left is from the cover of today’s WSJ. The accompanying story is about how high-end houses aren’t seeing the burgeoning recovery that other parts of the market are—an idea that feels somewhat familiar. The article itself doesn’t really talk about what the chart shows, but it shows something important: that the next [...]
My Shanghai-based colleague Bill Powell has an excellent cover story in the Asia edition of TIME asking the big question: “Can China Save the World?” His answer is no, its economy just isn’t big enough. But that’s changing fast: If Beijing can come through the global crisis without an economic meltdown of its own, its [...]
Henny Sender has a story in the FT about the fact that Wall Street firms have been making lots of money trading with the Federal Reserve. I can think of two valid reactions to this: 1) No duh! Ensuring the health (a.k.a. profitability) of the financial system is a major responsibility of the Fed. The [...]
