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global economic meltdown

“It” is Happening Already

by phillenbrandFebruary 9, 2009 Global Economy

If you’re new here, you may want to subscribe to my RSS feed. Thanks for visiting!“It” is shortages of critical commodities, a worrisome example of which is the raw materials used to prepare pharmaceutical drugs. Last week a Wegmans pharmacy in upstate New York ran out of OxyContin® and several other prescription medicines. Customers [...]

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Startling News from the Fed and Economic Wrecks from Around the World

by MorganDecember 1, 2008 Economy

Another guest post from MG Dungan who went from Wharton to Wall St. to real estate to Blown Mortgage.

The derivatives time bomb that Warren Buffet warned about several years ago has exploded. Here?s how it?s playing out around the world.
From the US:
The Fed:
?Federal Reserve chairman Ben Bernanke acknowledges he was wrong in believing that there [...]

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