Word: recessional
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Now that China's state-controlled companies have begun a shopping spree triggered by their access to cash and an eye to assets in other parts of the world beaten down by the recession, the fight over whether some assets are "too big to be bought" is heating up. There...
Back home, my sadness turned to joy. A quick search of online ticket sellers revealed that a Legends Suite ticket can be had for about $100 on some nights. So by a twist of logic, I had not only soaked the Yankees for $27, I had tripped on a great...
Since BA does business in almost every major country in the world, it is not a bad barometer of both consumer and business spending, at least the discretionary parts. If people cannot afford to fly they are unlikely to be aggressive consumers. If enterprises will not put their employees on...
It is one thing to suffer through a recession when commodities prices are fairly low. It is another circumstance entirely when there is inflation of the core prices of essentials such as oil and gas.
As the larger banks did, regional banks made hundreds of billions of dollars in real estate loans. The smaller banks, though, lent mostly to commercial developers and home builders who, as business owners, have been able to hang on longer than the typical strapped consumer. But now that the recession...