Ireland’s Sovereign Credit Rating

I found this story to be of significance, regarding Ireland’s sovereign credit rating: http://www.cnbc.com/id/31164904 Also, as background info, this story was worth reading: http://money.cnn.com/2009/05/13/news/international/tully_ireland.fortune/index.htm In my opinion, the broader signficance is that sovereign credit ratings (and associated issues) appear to be getting more scrutiny; and this should only intensify if there is greater economic weakness. SPX … Read more Ireland’s Sovereign Credit Rating

“Opportunity of a Lifetime”?

One phrase that I have heard mentioned a few times is that the economic and market declines of 2008-early2009 created a “Opportunity of a Lifetime” to buy stocks, businesses, and other assets. I am not sure what reasoning is used to justify the “Opportunity of a Lifetime” phrase (and no reasoning has been provided).  It would … Read more “Opportunity of a Lifetime”?

Perverse Effects

I saw this story in The Wall Street Journal a few days ago, titled “The New Resume: Dumb and Dumber” http://online.wsj.com/article/SB124328878436252195.html It says a lot about our current economic climate when people feel compelled to understate their credentials in order to appear more attractive for available positions. While it is unknown as to how widespread this type … Read more Perverse Effects

misc. note

Readers of this blog may want to read a special comment; it is listed below and can also be found here: https://www.economicgreenfield.com/a-special-note/ Comment – Special As you will notice, much of my blog posts and writings point to a difficult and painful future resolve to our economic difficulties, or at least sound a cautionary note with regard … Read more misc. note

Foreclosures

Here is an interesting New York Times editorial regarding foreclosures.  Please note that I don’t necessarily agree with many of the recommendations, but the editorial does a nice job of summarizing some of the problems: http://www.nytimes.com/2009/06/02/opinion/02tue1.html?_r=1 “Solving” our residential real estate problems is going to be most difficult, in my opinion.  It is a very complex … Read more Foreclosures