2009: The Year of Sustainability?

Pundits have referred to 2007 as The Year of the Crash and 2008 as The Year of Deleveraging. Both are appropriate and with the initiation of 2009, as the aftereffects of the crash and its subsequent deleveraging continue to dominate economic reality, we look for hints as to what the next four quarters may . . . → Read More: 2009: The Year of Sustainability?

Forced to be a Good Citizen and Buy American?

When I heard about the “big 3″ (GM, Chrysler and Ford) whining for “bail outs” I remembered Atlas Shrugged. It is long ago, I read that novel, but I remember very well, what those “honorable” industrials did to survive in spite of their obvious incompetence. They asked the government to protect them. Some things . . . → Read More: Forced to be a Good Citizen and Buy American?

George Bush and the Bailout Loophole

A looming question has busied the minds of the general public regarding initial funds given from the $700 billion bailout account. We observed that several financial institutions received unconditional aid. There were seemingly absolutely no strings attached in Paulson’s plan. As the situation unfolded, criticism led a few CEO’s to cut their pay and . . . → Read More: George Bush and the Bailout Loophole

Canada’s Economy Resilient Despite U.S. Financial Woes

The trade relationship between the U.S. and Canada is globally unique and intensively intertwined. As the United States’ most significant trading partner, 80% of all Canada’s exports are shipped south (and 21.4% of America’s travel north). In 2007, more goods passed back and forth across just one U.S.-Canadian border crossing—the Ambassador Bridge between Detroit . . . → Read More: Canada’s Economy Resilient Despite U.S. Financial Woes