Posted in Board Of Intellectual Capital, Investments, Market research, tagged Asia Times, asia times online, Board Of Intellectual Capital, boic, Economy, food crisis, food prices, gepolitical catastrophe, grain prices, monetary crisis, rice, Robert Tillman, weak dollar on May 28, 2008| Leave a Comment »
The global food crisis is a monetary phenomenon, an unintended consequence of America’s attempt to inflate its way out of a market failure. There are long-term reasons for food prices to rise, but the unprecedented spike in grain prices during the past year stems from the weakness of the American dollar. Washington’s economic misery now threatens to become a geopolitical catastrophe.
Read the complete Asia Times article here
Posted in Board Of Intellectual Capital, Economy, Market research, tagged Asia Times, assets, Board Of Intellectual Capital, boic, Economy, Gerbsman Partners, german banks, Horst Koehler, loan crisis, Robert Tillman, securities, subprime mortgages on May 27, 2008| Leave a Comment »
The German financial system wanted to consume low-quality American assets, but did not want to look on what it was eating. German banks have written down about US$25 billion in securities derived from low-quality (“subprime”) American mortgages, and doubtless will lose a great deal more.
Read the complete Asia Times article here:
Blog of Intellectual Capital 