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Recent for 10/23/08

  • Sinn: A Decade Of Stagnation [OPINION] · Economist Hans-Werner Sinn of the University of Munich cautions that America is in for a painful decade of stagnation as foreign investors shun U.S. financial assets and American households learn to accumulate wealth by cutting consumption. (Project Syndicate)
  • Sarkozy To Create Fund To Protect French Companies · French President Nicolas Sarkozy announced Thursday that France will create a sovereign wealth fund to "massively intervene" each time "strategic" domestic companies need shareholder equity.  On Wednesday, he proposed European nations shield companies pressured by the financial crisis from foreign acquisitions. (Bloomberg)