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Odds
and Ends
Why bankers are like bacteria. "WHETHER
you call the current financial situation a setback, a crisis or a
meltdown, it has had at least one positive effect: financiers are
searching for new ways to deal with complex risk. I have a suggestion for
them. Look to nature, where analogous problems have already been solved
by engineers and computer scientists." (The
New Scientist)
How
China Cooks Its Books.
It's an
open secret that China has doctored its financial and economic statistics
since the time of Mao. But could it all go south now? (Foreign
Policy)
Uncommonly Clever
Economic Indicators. The stock market
is a foggy window on the economy. Follow the pink ties and restaurant
garbage piles. (Forbes)
How to Get Help
And don't
forget that our updated client page (http://www.yebu.com/portal.htm)
offers a full list of who does what and who you should contact for help
with various issues. Contact numbers and email links are available
from that page as well.
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More opinions on
the economy
From
Bear to Bull. James Grant argues that the latest gloomy forecasts ignore
an important lesson of history: The deeper the slump, the zippier the
recover (Wall
Street Journal) - this link will only be good for 7 days for those
who don't subscribe to the WSJ
.
The
New Normal for Upper-Income Consumers. The New Normal for
upper-income consumers is to spend 37% less. (Gallup).
When
Will Real Estate Recover Its Losses? According to Paul
Kedrosky of The Big Picture, it might not be until 2018 or beyond (The
Big Picture)
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